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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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 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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January 21, 1998 -- The IMF and Good Governance--Address by Michel Camdessus
Speech given to Transparency International, Paris, France
January 21, 1998 -- Korea's Economic Adjustments Under the IMF-supported Program--Presentation by Kunio Saito
Presentation at the Sogan University/Korea Economic Daily Conference
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
January 12, 1998 -- IMF Survey:
IMF accelerates disbursement to Korea, interim World Economic Outlook revises projections downward; Supplemental Reserve Facility; lessons from systemic bank restructuring efforts. PDF File Size: 409Kb
December 24, 1997 -- Korea Letter of Intent, December 24, 1997
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.
December 24, 1997 -- News Brief: Korea Strengthens Economic Program; IMF to Activate Additional Financial Support
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 -- News Brief: IMF Executive Board Completes 1st Review of Korean Program: Activates Supplemental Reserve Facility
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 15, 1997 -- IMF Survey:
Featured in this issue: IMF Stand-By Arrangement with Korea, Fischer press conference on Korea, Camdessus on globalization and workers, trade liberalization and regional initiatives in Africa, and official financing for developing countries. PDF File Size: 546Kb
December 08, 1997 -- Symposium on Capital Flows and Financial System Stability in Asia--Address by Shigemitsu Sugisaki
Institute for International Monetary Affairs - International Monetary Fund, Tokyo, Japan
December 05, 1997 -- Republic of Korea IMF Stand-By Arrangement December 5, 1997
This document which is the property of Korea is being made available on the IMF website by agreement with the member as a service to users of the IMF website.
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.
December 04, 1997 -- Press Release: IMF Approves SDR 15.5 Billion Stand-by Credit for Korea
December 03, 1997 -- Korea Letter of Intent, December 3, 1997
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. That request was approved by the Executive Board of the IMF on December 4, 1997.
December 03, 1997 -- News Brief: Camdessus Welcomes Conclusion of Talks with Korea on IMF Program
December 03, 1997 -- News Brief: IMF Management Welcomes Italy’s Participation in Korean Financing Package
December 02, 1997 -- Making Globalization Work for Workers--Address by Michel Camdessus
Address given to the 24th Congress of the World Confederation of Labor, Bangkok, Thailand
December 02, 1997 -- Rebuilding Confidence in Asia--Remarks by Michel Camdessus
Speech to the ASEAN Business Forum, Kuala Lumpur, Malaysia
December 01, 1997 -- Money, Wages and Inflation in Middle-Income Developing Countries
Author/Editor: Agénor, Pierre-Richard | Hoffmaister, Alexander W.
Series: Working Paper No. 97/174

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