Executive Board
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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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September 01, 2010 -- Republic of Korea: Selected Issues
Series: Country Report No. 10/271
September 01, 2010 -- IMF Survey: IMF Urges Korea to Shift from Crisis Response to Medium-Term Challenges
Having recovered strongly from the global financial crisis, Korean authorities should now shift their focus from crisis management to paving the way for strong and sustainable growth, say IMF economists.
August 30, 2010 -- Transcript of a conference call with IMF First Deputy Managing Director John Lipsky
July 27, 2010 -- Transforming Asia's Low-Income Countries into Tomorrow's Emerging Markets, Speech by Min Zhu, Special Advisor to the Managing Director, International Monetary Fund, Daejeon, Sourth Korea
July 27, 2010 -- The G-20 Agenda: Looking to Seoul, Remarks by John Lipsky, First Deputy Managing Director, International Monetary Fund
July 27, 2010 -- Republic of Korea: Report on Observance of Standards and Codes - Data Module
Series: Country Report No. 10/229
July 23, 2010 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations Department, IMF
July 14, 2010 -- IMF Survey: Crisis Triggered Historic Financial Sector Changes—Banker
The recent financial crisis has severely damaged the standing of the Western world and accelerated the shift eastward in economic and geopolitical power, according to top banker Josef Ackermann. The Deutsche Bank head tells the Asia 21 Conference of “seismic shifts” boosting Asia’s importance.
July 13, 2010 -- Press Release: Statement by IMF Managing Director Dominique Strauss-Kahn at the Conclusion of the Asia 21 High-Level Conference in Daejeon, Republic of Korea
July 13, 2010 -- IMF Survey: Reconstructing the World Economy
As the world emerges from the worst crisis in decades, a new IMF book presents a number of proposals for improving the stability of the global economy.
July 13, 2010 -- IMF Survey: Asia and IMF Forge Stronger Partnership
Wrapping up a two-day conference on Asia’s future, IMF Managing Director Dominique Strauss-Kahn announces a set of commitments, labeled the “Daejeon Deliverables,” that he says will significantly strengthen the Asia-IMF partnership in a year that South Korea chairs the Group of Twenty.
July 12, 2010 -- Asia and the Global Economy: Leading the Way Forward in the 21st Century, Opening Remarks by Dominique Strauss-Kahn, Managing Director of the IMF, at the Asia 21 Conference - Daejeon, Korea – July 12, 2010
July 12, 2010 -- IMF Survey: 'Second Engine of Growth' to Bolster Asian Leadership
Asia is playing an increasingly prominent role in the world economy, but to sustain its strong performance it needs to develop a “second engine of growth,” IMF Managing Director Dominique Strauss-Kahn says at the opening of a two-day conference in Korea titled "Asia 21: Leading the Way Forward."
July 12, 2010 -- IMF Survey: IMF Chief Works to Transform Fund's Image in Asia
The head of the IMF addresses head on the thorny subject of the Asian crisis, describes how the Fund can help its Asian members, and reveals his human side with an explanation of his reasons for choosing economics as a career.
July 09, 2010 -- IMF Survey: Conference to Focus on Asia’s Leadership Role in Global Economy
The IMF is hoping to renew its relationship with Asia. In a bid to boost Asia’s role and voice in the global economy, the IMF and the government of Korea will host a landmark conference July 12-13 in the Korean city of Daejeon.
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 08, 2010 -- IMF Survey: IMF Redefining Its Relationship with Asia
The IMF’s efforts to a forge a stronger, more collaborative partnership with Asia shift into top gear in the next two weeks, with a series of events in the region that include a conference co-hosted by the government of Korea and the IMF.
July 08, 2010 -- IMF Survey: World Recovery Continues, But Risks Increase, Says IMF
Balancing the strong growth numbers for the first half of 2010 and the adverse impact of renewed financial turbulence, the IMF forecasts world growth to rise 4 ½ percent this year, but new uncertainties pose risks to financial stability and cast a cloud over the outlook
July 07, 2010 -- Financial Market Update:
Despite generally improved economic conditions and a long period of healing after the failure of Lehman Brothers, progress toward global financial stability has recently experienced a setback. Sovereign risks in parts of the euro area have materialized and spread to the financial sector there, threatening to spill over to other regions and re-establish an adverse feedback loop with the economy. Further decisive follow-up is needed to the significant national and supranational policy responses that have been taken in order to strengthen confidence in the financial system and ensure continuation of the economic recovery. Text also available in: عربي; 中文; Español; Français; 日本語; Русский; and 한국어.
July 07, 2010 -- IMF Survey: IMF Chief Signals New Chapter in Ties with Asia
IMF Managing Director Dominique Strauss-Kahn welcomes more than 20 ambassadors from Asia to a reception at the IMF’s Washington headquarters, ahead of a key conference in South Korea that the IMF hopes will signal a new chapter in relations with this dynamic region.

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