Executive Board
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Board Discussions
on the Republic of Korea:

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January 10, 2014
August 27, 2012
July 29, 2011
August 25, 2010
August 7, 2009

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 October 31, 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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June 01, 1999 -- Finance & Development, June 1999 - The Asian Crisis: Causes and Remedies
By Bijan B. Aghevli - Until their sudden fall from grace in 1997, the countries hit hard by Asia's financial crisis—Indonesia, Korea, Malaysia, and Thailand—had been widely admired for their economic achievements and much favored by foreign investors. What happened, and is there a prescription for reducing the risk of future crises?
May 24, 1999 -- IMF Survey:
Camdessus on monetary system reforms, Asian recovery; development economics conference; Korean financial sector reforms; Bulgaria's currency board; foreign direct investment in Asian developing countries; and BIS on exchange, derivatives market activity. PDF File Size: 1452Kb
May 20, 1999 -- Sustaining Asia’s Recovery from Crisis - Remarks by Michel Camdessus
Given at the 34th South East Asian Central Banks Governors’ Conference Seoul, Korea
May 14, 1999 -- The Reform of Global Exchange and Financial Systems Since the Eruption of the Asian Crisis - Address by Shigemitsu Sugisaki
Presented at the International Conference on Central Banking Policies, Macau
May 03, 1999 -- Transcript of a Video Conference with Hong Kong and Singapore Journalists by Stanley Fischer, First Deputy Managing Director of the International Monetary Fund
We've just completed our spring Interim Committee meetings, and the contrast between the atmosphere this time and the atmosphere last October when we had the Annual Meetings was extraordinary.
April 28, 1999 -- The Financial Crisis in Emerging Markets: Some Lessons -- Stanley Fischer
This is an outline of comments prepared for delivery at the Conference of the Economic Strategy Institute, Washington DC
April 23, 1999 -- The Financial Crisis in Emerging Markets: Lessons for Eastern Europe and Asia -- Stanley Fischer
This is an outline of comments prepared for delivery at the EastWest Institute conference, New York
April 07, 1999 -- News Brief: IMF Completes Review and Approves US$245 Million Credit Tranche for Korea
March 10, 1999 -- Korea Letter of Intent and Memorandum of Economic Policies, March 10, 1999
This Letter of Intent of the government of Korea describes the policies that Korea intends to implement in the context of its request for financial support from the IMF.
March 06, 1999 -- Reforming the International Monetary System - Address by Mr. Alassane D. Ouattara
Given at the Academie de la Paix et de la Securité Internationale Conference on Crises and International Security, Monaco
March 05, 1999 -- Economic Crisis and Recovery in Asia and its Implications for the International Financial System - Address by Shigemitsu Sugisaki
Presented at the Meeting on Development Cooperation: Responding to the Asia Crisis, Sydney, Australia
March 04, 1999 -- Asian Crisis: World Must Cooperate to Find Solutions - A Commentary
This article by Jack Boorman, Director of the International Monetary Fund's Policy Development and Review Department appeared in The Strait Times
March 04, 1999 -- Solution Lies in Co-operation - A Commentary
This article by Shigemitsu Sugisaki, Deputy Managing Director of the International Monetary Fund appeared in the Australian Financial Review
March 01, 1999 -- The Korean Financial Crisis of 1997 - A Strategy of Financial Sector Reform
Author/Editor: Baliño, Tomás J. T. | Ubide, Angel J.
Series: Working Paper No. 99/28
February 24, 1999 -- Looking Beyond Today's Financial Crisis: Moving Forward with International Financial Reform - Address by Michel Camdessus
Presented at the Foreign Policy Association, New York
February 10, 1999 -- Transcript of a video Conference of Mr. Fischer with the University of California San Diego Economic Roundtable
We are at a time when so many emerging market countries are in trouble and when one of the three largest economies in the world, Japan, is in trouble that the U.S. economy continues to do spectacularly well.
February 08, 1999 -- Reality Check from the IMF - A Commentary
This article by Flemming Larsen, Deputy Director of the International Monetary Fund appeared in Business Week
February 01, 1999 -- Credit Allocation and Financial Crisis in Korea
Author/Editor: Borensztein, Eduardo | Lee, Jong-Wha
Series: Working Paper No. 99/20
January 25, 1999 -- IMF Survey:
IMF assessment of programs in Indonesia, Korea, and Thailand and press conferences by Jack Boorman; Brazil-IMF discussions; report on American Economic Assocation meeting; Camdessus on Asian crisis; and Portuguese banking reforms. PDF File Size: 577Kb
January 22, 1999 -- Globalization and the Third Millennium: Challenges and Issues -- Address by Mr. Alassane D. Ouattara
Presented to the CERAM Sophia Antipolis, Nice, France

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