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Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2014  2015
Real GDP 3.7 3.8
Consumer Prices 1.8 3.0
Source: World Economic Outlook (April 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 April 17, 2014

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Transcripts
November 21, 2013 -- Transcript of a Press Briefing by Gerry Rice, Director of the Communications Department, International Monetary Fund
October 11, 2012 -- Transcript of a Press Conference by International Monetary Fund Managing Director Christine Lagarde and First Deputy Managing Director David Lipton
April 21, 2012 -- Transcript of the Asia and Pacific Economic Outlook
January 30, 2012 -- Transcript of a Press Briefing on the Economic Outlook For Asian Countries
May 19, 2011 -- 10th Annual Stavros Niarchos Foundation Lecture (Transcript), “Global Recovery and Global Cooperation: The Challenges Ahead”, Peterson Institute for International Economics, John Lipsky - Acting Managing Director, International Monetary Fund
February 20, 2011 -- Transcript of a Press Conference by IMF Managing Director Dominique Strauss-Kahn following the Group of 20 Finance Ministers and Central Bank Governors Meeting, Paris, France
November 12, 2010 -- Transcript of a Press Conference by IMF Managing Director Dominique Strauss-Kahn on the Outcome of the G-20 Leaders’ Summit
November 06, 2010 -- Transcript of a Press Briefing on IMF Reforms by Dominique Strauss-Kahn, IMF Managing Director
October 23, 2010 -- Transcript: IMF Managing Director Dominique Strauss-Kahn and First Deputy Managing Director John Lipksy at the conclusion of the G20 Finance Ministers and Central Bank Governors’ Meeting in Gyeongju, Korea
October 10, 2010 -- Transcript of a Press Conference on Asia and Pacific
October 09, 2010 -- Transcript of G-24 Press Conference
September 03, 2010 -- Transcript of a conference call with IMF First Deputy Managing Director John Lipsky
September 02, 2010 -- Transcript of a Press Briefing on 2010 Article IV Consultation with Korea
August 30, 2010 -- Transcript of a conference call with IMF First Deputy Managing Director John Lipsky
July 23, 2010 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations Department, IMF
July 08, 2010 -- Transcript of a Press Conference on the International Monetary Fund's World Economic Outlook and Global Financial Stability Report Updates with Olivier Blanchard, Economic Counsellor and Director of Research, and José Viñals, Financial Counsellor and Director of the Monetary and Capital Markets Department, with Caroline Atkinson, Director of External Relations
July 02, 2010 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations Department, IMF
June 17, 2010 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations Department, IMF
May 20, 2010 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations Department, IMF
April 24, 2010 -- Transcript of a Press Conference on Asia and Pacificb by Anoop Singh, Director, Asia and Pacific Department with Masahiko Takeda, Deputy Director, and Kalpana Kochhar, Deputy Director
April 22, 2009 -- Transcript of a Press Conference on the International Monetary Fund's World Economic Outlook
February 03, 2009 -- Transcript of a Briefing of Asia Press by International Monetary Fund Managing Director Dominique Strauss-Kahn with Anoop Singh, Director of the IMF's Asia and Pacific Department, and Caroline Atkinson, Director of External Relations
November 29, 2007 -- Transcript of a Book Forum: "One Economics, Many Recipes: Globalization, Institutions, and Economy Growth"
September 06, 2007 -- Transcript of a Press conference by Masood Ahmed, Director of the External Relations Department, IMF
June 01, 2007 -- Transcript of an IMF Economic Forum: New Perspectives on Financial Globalization
May 10, 2007 -- Transcript of a Press Briefing by Masood Ahmed
November 10, 2006 -- Transcript of an IMF Center Economic Forum: How Does Capital Account Liberalization Affect Economic Growth?
September 16, 2006 -- Transcript of a Press Briefing by the Chair of the Group of 24 Ministers
May 18, 2006 -- Transcript of an IMF Book Forum: China's and India's Recent Experience With Reform and Growth
February 08, 2006 -- Transcript of an IMF Center Book Forum -- The Moral Consequences of Economic Growth
November 04, 2005 -- Transcript of an IMF Economic Forum--Reforming the IMF: Governance and the Executive Board
August 25, 2005 -- Transcript of a Press Briefing with Thomas Dawson, Director of External Relations Department, IMF
August 24, 2005 -- Transcript of Video/Press Conference by IMF Managing Director Rodrigo de Rato, Washington, D.C. and Singapore
August 03, 2005 -- Transcript of a Press Briefing with Thomas Dawson, Director of External Relations Department, IMF
November 05, 2004 -- Transcript of an IMF Economic Forum: Contractionary Currency Crashes in Developing Countries --The Mundell-Fleming Lecture, IMF Annual Research Conference
October 19, 2004 -- Transcript of an IMF Economic Forum, China In The Global Economy: Prospects and Challenges
June 08, 2004 -- Transcript of an IMF Book Forum, Does the IMF always prescribe fiscal austerity? Are targets too tight?
November 07, 2003 -- Transcript of an IMF Economic Forum - Capital Flow Cycles: Old and New Challenges
April 29, 2003 -- Transcript of an IMF Economic Forum: Does IMF Fiscal Policy Advice End Up Hurting The Poor?
March 09, 2003 -- Transcript of Remarks by the Managing Director, Mr. Horst Köhler, at the Fourth Annual Conference of the Parliamentary Network on the World Bank, and Question and Answer Session with Parliamentarians, Athens, March 9, 2003
October 24, 2002 -- Press Briefing by Thomas Dawson, Director, IMF External Relations Department
We are presently in very intensive and detailed discussions with the authorities. As you know, a team of senior Argentine authorities--officials led by Mr. Nielsen-- was in Washington until recently, and we have maintained close contact with them and the authorities since their return.
August 29, 2002 -- Transcript of a Press Briefing By Thomas C. Dawson, Director, External Relations Department, IMF
This is another of our regular press briefings, although it is our first briefing since August 1st. We'll be moving back to a two-week schedule at this point now that the Executive Board recess has ended.
April 18, 2002 -- Transcript of the World Economic Outlook Press Conference, by Kenneth Rogoff, Economic Counsellor and Director of Research, IMF
December 19, 2001 -- Transcript of an IMF Economic Forum: IMF Conditionality: How Much is Enough?
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 12, 2001 -- Transcript of a Press Briefing by Thomas Dawson, Director,External Relations Department
No real announcements. On Friday, March 16th, we'll open press registration for the Spring Meetings. The forms, registration forms, and information about the Meetings are on the Fund and World Bank websites
February 02, 2001 -- Transcript of a press briefing by Thomas Dawson, Director IMF External Relations Department, February 2, 2001
There will be a memorial lecture delivered at Fund Headquarters in honor of former Monetary Affairs and Exchange Relations Director, Manuel Guitián, who passed away some months ago. The Managing Director and Mr. Fischer will offer opening remarks, along with some other friends of Mr. Guitián, and then the lecture itself will be delivered by Nobel Laureate Robert Mundell.
October 12, 2000 -- Transcript of a Press Briefing by Thomas Dawson, Director, IMF External Relations Department
With regard to recent events concerning the Serbia and Montenegro, in recent days, members of the new team in the FRY have indicated publicly their interest in joining all international financial institutions, including the Fund.
August 07, 2000 -- Transcript of a Question and Answer Session Following an Address by Horst Köhler on The IMF in a Changing World
Includes about 30 minutes of questions and answers.
April 13, 2000 -- Transcript of a Press Conference by Mr. Stanley Fischer, IMF Acting Managing Director
This is the traditional Managing Director's press briefing for the Spring Meetings.
February 08, 2000 -- Transcript of IMF Managing Director Michel Camdessus' Farewell Press Conference
My only purpose this morning is to bid farewell to all of you and to tell you my thanks for your attitude toward the Fund, and myself, during my long stay here.
September 30, 1999 -- Transcript of a Press Conference by IMF Managing Director Michel Camdessus
Given at the conclusion of the 1999 Annual Meetings
September 25, 1999 -- Transcript of a Press Briefing on the Report on Financial Sector Crisis and Restructuring: Lessons from Asia
The conclusions that are described in this paper are preliminary, because this is not over yet. So this is what we have learned so far, but over time there are more lessons to come.
September 09, 1999 -- Transcript of a Press Conference on the 1999 Annual Report of the IMF
The Annual Report is a report on our work program, and that consisted mainly, as it always does, of surveillance, lending activities, and technical assistance activities in a variety of areas to our many member countries.
June 08, 1999 -- Transcript of an IMF videoconference with the Development Bank of Southern Africa (DBSA)
Jointly organized IMF/Development Bank of Southern Africa (DBSA) videoconference on: the most recent World Economic Outlook, the Heavily Indebted Poor Countries Debt Reduction Initiative known as the HIPC Initiative, and the Reform of the International Financial System, or the new architecture.
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.
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.
January 22, 1999 -- Opening Statement by Asia and Pacific Department Director Hubert Neiss at a Press Conference on IMF Supported Programs in Indonesia, Korea, and Thailand
It might be useful to discuss with you, face-to-face, the IMF’s role in dealing with the Asian Crisis; and, together with Mr. Moghadam, answer your questions.
January 19, 1999 -- Transcript of a video Conference of Mr. Boorman with Asian Journalists on the IMF's Review of IMF-Supported Programs in Indonesia, Korea, and Thailand
As you know, we are releasing today this new study called "IMF-Supported Programs in Indonesia, Korea and Thailand: A Preliminary Assessment."
January 19, 1999 -- IMF Press Conference of Mr. Boorman on the IMF's Review of IMF-Supported Programs in Indonesia, Korea, and Thailand
This briefing is about the first assessment that the IMF staff has carried out on recent IMF-supported programs in Indonesia, Korea, and Thailand, a document that has been made available to you.
December 21, 1998 -- Press Conference by Michael Mussa on the Interim Assessment of the World Economic Outlook and International Capital Markets
Transcript of a press conference on the Interim Assessment of the World Economic Outlook and International Capital Markets.
October 29, 1998 -- Press Briefing by Video Conference on Southern Africa by First Deputy Managing Director Stanley Fischer
I'm looking forward to discussing your questions about the economy of Southern Africa and about the work and the views of the IMF. I'd like to touch on what happened in the Fifty-Third Annual Meetings of the IMF and the World Bank that finished precisely three weeks ago.
October 15, 1998 -- Press Briefing by Teleconference with Hong Kong SAR and Singapore by First Deputy Managing Director Stanley Fischer
We finished the Annual Meetings at the end of last week, and the focus there was on two things. The first was the new international economic, financial architecture, the other part was about the question of how to deal with the current crisis before there's time to make a lot of change in the architecture.
October 03, 1998 -- IMF Press Conference of Mr. J. Boorman on Strengthening the Architecture of the International Monetary System
Discussion of IMF work on the architecture of the international monetary system, the context in which the work was done, how it relates to work being done elsewhere and where the IMF is with it.
October 02, 1998 -- Transcript: Capital Account Liberalization: What's the Best Stance?
From an Economic Forum with Jagdish Bhagwati, Richard Cooper, Barry Eichengreen, Ricardo Hausmann, Michael Mussa, moderated by J. (Onno) de Beaufort Wijnholds.
October 01, 1998 -- Press Briefing by IMF Managing Director Michel Camdessus
Transcript of a press conference held prior to the 1998 Annual Meetings
October 01, 1998 -- Remarks by Stanley Fischer, First Deputy Managing Director IMF at the World Economic Development Council
What I would like to do today is to address all of these closely related issues--the global system, the multilateral institutions, and the questions about the role and future of the IMF.
September 30, 1998 -- Press Briefing by Michael Mussa, Economic Counselor and Director Research Department
Transcript of a press conference on the October 1998 World Economic Outlook
September 04, 1998 -- Press Conference on Latin America of Michel Camdessus, Managing Director, IMF, James Wolfensohn, President World Bank, and Enrique Iglesias, President IADB
Press Conference held at the end of the regional surveillance meeting of finance ministers and central bank governors of 11 countries in the Western Hemisphere. In addition to the representatives of these 11 countries, the meeting was attended by the IBRD and the Inter American Development Bank.
May 04, 1998 -- IMF Press Briefing on First Review of Indonesia's Economic Program
Welcome to this briefing by Mr. Stanley Fischer, First Deputy Managing Director of the IMF on the completion this afternoon by the IMF's Executive Board of the first review under the standby arrangement for Indonesia.
April 16, 1998 -- Press Conference of Philippe Maystadt, Chairman of the Interim Committee and IMF Managing Director Michel Camdessus
As you know, the Interim Committee has focused its work on the strengthening that could be brought to the architecture of the international monetary system, and as usual we also had a discussion on the issues raised in the World Economic Outlook, with a special emphasis on the situation of the countries at the center of the crisis.
April 14, 1998 -- IMF Press Conference of Michel Camdessus, Managing Director
It is a great pleasure to elcome you to the opening press conference for this Interim Committee meeting by the Managing Director of the International Monetary Fund, Mr. Michel Camdessus. It is a pleasure, also, to introduce to his right Mr. Stanley Fischer, the First Deputy Managing Director of the International Monetary Fund.
April 13, 1998 -- IMF Press Conference on the World Economic Outlook
I would like to welcome you to the press conference on the World Economic Outlook being given by Mr. Michael Mussa, Economic Counselor and Director of the Research Department of the IMF.
April 08, 1998 -- Transcript of Press Conference by Stanley Fischer
This press conference is going to be a bit of a struggle, I'm sure, since you're going to want to know all about Indonesia, and I want to talk also about other things.
January 16, 1998 -- Press Conference by Mr. Michel Camdessus, Managing Director of the Intenational Monetary Fund
Transcript of a Press Conference held on January 16, 1998 in Kuala Lumpur, Indonesia
December 19, 1997 -- Press Conference of Michael Mussa, Economic Counsellor and Director, Research Department
I'd like to welcome you to the press conference of Mr. Michael Mussa, Economic Counselor and Director of Research of the International Monetary Fund, who will present the IMF staff's Interim Assessment of the World Economic Outlook.
December 18, 1997 -- Press Conference of Michel Camdessus, Managing Director
But there are a few items on which I owe you a few explanations. One is the important initiative of Japan yesterday in the fiscal and banking areas--an initiative we do welcome here. Second, in the Fund these last few days, we have been quite busy with the adoption of a new instrument for the IMF to be even more effective in addressing what we call here the crisis of the 21st Century. But as the 21st Century has started 2 years ago or 3 years ago in Mexico, we will immediately utilize this instrument for the continuation of our program in Korea.
December 05, 1997 -- Press Conference of Stanley Fischer
A briefing by Mr. Stanley Fischer, First Deputy Managing Director on the stand-by arrangement for Korea which the Executive Board of the Fund approved last evening.
April 24, 1997 -- Press Conference by Michel Camdessus, Managing Director
As usual, I might tell you what is the agenda that we will suggest the Ministers and Governors adopt next Monday at the Interim Committee. In addition to discussing the World Economic Outlook in the morning session, Ministers will also review our progress in strengthening surveillance and our progress on the standards for dissemination of economic and financial data.