Executive Board
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on the Republic of Korea:

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January 10, 2014
August 27, 2012
July 29, 2011
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Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2014  2015
Real GDP 3.7 4
Consumer Prices 1.6 2.4
Source: World Economic Outlook (October 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Republic of Korea: Financial Position in the Fund

Transactions with the Fund


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Republic of Korea and the IMF
Updated December 10, 2014

The last Article IV Executive Board Consultation was on January 10, 2014. Listed below are items related to the Republic of Korea, in reverse chronological order (you can also view items by category).

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December 18, 2001 -- IMF Staff Papers - December 2001 - Inflation Targeting in Korea: An Empirical Exploration By Alexander W. Hoffmaister
The revised Bank of Korea (BOK) Act states that the primary goal of monetary policy is price stability and recently monetary policy has moved toward an inflation targeting framework. This study explores some of the practical aspects that need to be considered for this move.
November 17, 2001 -- Statement by The Hon. Peter Costello, Treasurer of Australia to the International Monetary and Financial Committee, Ottawa, November 17, 2001
The International Monetary and Financial Committee statement on behalf of the constituency comprising Australia, Kiribati, Republic of Korea, Republic of Marshall Islands, Federated States of Micronesia, Mongolia, New Zealand, Republic of Palau, Papua New Guinea, the Philippines, Samoa, Seychelles, Solomon Islands and Vanuatu
November 01, 2001 -- Post-Crisis Exchange Rate Policy in Five Asian Countries: Filling in the "Hollow Middle"?
Author/Editor: Hernández, Leonardo | Montiel, Peter
Series: Working Paper No. 01/170
November 01, 2001 -- Post-Crisis Exchange Rate Policy in Five Asian Countries: Filling in the "Hollow Middle"?
Author/Editor: Hernández, Leonardo | Montiel, Peter
Series: Working Paper No. 01/170
October 01, 2001 -- Characterizing Exchange Rate Regimes in Post-Crisis East Asia
Author/Editor: Baig, Taimur
Series: Working Paper No. 01/152
October 01, 2001 -- From Crisis to Recovery in Korea: Strategy, Achievements, and Lessons
Author/Editor: Chopra, Ajai | Kang, Kenneth | Karasulu, Meral | Liang, Hong | Ma, Henry | Richards, Anthony J.
Series: Working Paper No. 01/154
October 01, 2001 -- Characterizing Exchange Rate Regimes in Post-Crisis East Asia
Author/Editor: Baig, Taimur
Series: Working Paper No. 01/152
October 01, 2001 -- From Crisis to Recovery in Korea: Strategy, Achievements, and Lessons
Author/Editor: Chopra, Ajai | Kang, Kenneth | Karasulu, Meral | Liang, Hong | Ma, Henry | Richards, Anthony J.
Series: Working Paper No. 01/154
August 29, 2001 -- Stanley Fischer -- Farewell Dinner Speech
August 22, 2001 -- News Brief: IMF Managing Director Congratulates Korea on Early Repayment of 1997 Stand-By Credit
August 02, 2001 -- Public Information Notice: IMF Concludes Post-Program Monitoring Discussion on Korea
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
July 17, 2001 -- Korea: Selected Issues
Series: Country Report No. 01/101
July 17, 2001 -- Korea: Selected Issues
Series: Country Report No. 01/101
July 16, 2001 -- IMF Survey:
G7 on IMF role & reforms; UN special session on HIVAIDS; Fischer on Russian economy; Aninat on Spain & globalization; IMF approves Turkey drawing; Corruption Perceptions Index 2001; inflation targeting; IMF-KIEP conference on Korea crisis. PDF File Size: 617Kb
June 01, 2001 -- Asia and the IMF -- Remarks by Stanley Fischer
Given at the at the Institute of Policy Studies, Singapore
April 28, 2001 -- Statement by the Hon. Peter Costello, Treasurer of Australia, to the Development Committee , April 30, 2001
On behalf of the constituency comprising Australia, Cambodia, Kiribati, Korea (Republic of), Marshall Islands (Republic of), Micronesia (Federated States of), Mongolia, New Zealand, Palau (Republic of), Papua New Guinea, Samoa, Solomon Islands and Vanuatu.
April 28, 2001 -- Statement by the Hon. Peter Costello, Treasurer of Australia, to the International Monetary and Financial Committee, April 29, 2001
The International Monetary and Financial Committee statement on behalf of the constituency comprising Australia, Kiribati, Korea (Republic of), Marshall Islands (Republic of), Micronesia (Federated States of), Mongolia, New Zealand, Palau (Republic of), Papua New Guinea, the Philippines, Samoa, Seychelles, Solomon Islands and Vanuatu.
April 28, 2001 -- Statement by the Hon. Peter Costello, Treasurer of Australia - International Monetary and Financial Committee and Development Committee, April 29, 2001
On behalf of the World Bank constituency comprising Australia, Cambodia, Kiribati, Korea (Republic of), Marshall Islands (Republic of), Micronesia (Federated States of), Mongolia, New Zealand, Palau (Republic of), Papua New Guinea, Samoa, Solomon Islands and Vanuatu and the IMF constituency comprising Australia, Kiribati, Korea (Republic of), Marshall Islands (Republic of), Micronesia (Federated States of), Mongolia, New Zealand, Palau (Republic of), Papua New Guinea, the Philippines, Samoa, the Seychelles, Solomon Islands and Vanuatu.
April 05, 2001 -- Transcript -- Economic Forum - Governing Global Finance: The Role of Civil Society
The panel that is here today will focus their presentations on the core questions of the project, namely, to assess the benefits and drawbacks of civil society engagement with global finance to date; and to suggest steps to maximize the benefits and minimize the shortcomings of civil society involvement in global finance.
March 26, 2001 -- Resolving and Preventing Financial Crises: The Role of the Private Sector -- An IMF Issues Brief
It is important to encourage the involvement of private sector creditors in the resolution of crises, by reaching cooperative solutions to payment problems. If efforts to reach agreement on a voluntary approach are not successful, creditors may have to accept some constraint on their immediate demands for repayment and shoulder some losses.

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