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August 27, 2012
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Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2013  2014
Real GDP 2.8 3.9
Consumer Prices 2.4 2.9
Source: World Economic Outlook (April 2013)
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 20, 2013

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Speeches
April 07, 2013 -- "Fulfilling the Asian Dream—Lasting Growth and Shared Prosperity" By Christine Lagarde, Managing Director, International Monetary Fund
March 27, 2012 -- Global and Regional Economic Outlook and the Role of Integration in Asia, speech by Naoyuki Shinohara, IMF Deputy Managing Director
February 07, 2011 -- Public Lecture on Global and Regional Economic Prospects by Naoyuki Shinohara, IMF's Deputy Managing Director
January 08, 2011 -- US Fiscal Policy and the Global Outlook, Speech by John Lipsky, First Deputy Managing Director, IMF, at the American Economic Association Annual Meetings, Roundtable on "The United States in the World Economy", Denver
December 08, 2010 -- The Triple Comeback -- the Impact of the Financial Crisis on Global Economic Governance, Speech by By Dominique Strauss-Kahn, Managing Director, International Monetary Fund
November 23, 2010 -- The Post-Summit Prospects for Policy Cooperation, Remarks by John Lipsky, First Deputy Managing Director, International Monetary Fund, Delivered at the Economic Club of New York
September 15, 2010 -- Prospects for International Economic Cooperation, Remarks by John Lipsky, First Deputy Managing Director, IMF
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 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
May 19, 2010 -- Systemic Challenges for Global Finance and Priorities for Reform, Remarks by John Lipsky, First Deputy Managing Director, IMF, delivered at the seminar, Reshaping the Global Financial Landscape:Implications for Asia
March 03, 2010 -- Recovering from the Global Crisis: Exit Policies and Challenges Ahead, by Murilo Portugal, IMF Deputy Managing Director, at the Australian School of Business
March 02, 2010 -- Outlook for the World Economy and Policy challenges Ahead: A Multi-speed Recovery, Keynote Address by Murilo Portugal, First Deputy Managing Director, International Monetary Fund, at the Australian Bureau of Agricultural and Resource Economics (ABARE), Outlook 2010 Conference, Canberra
February 25, 2010 -- Reconstructing the World Economy, Opening Remarks at the Korea Development Institute (KDI)/IMF Conference by John Lipsky, First Deputy Managing Director, International Monetary Fund
November 11, 2009 -- Lessons Learned from Regulatory and Supervisory Responses to the Crisis, Remarks by Mr. José Viñals, Financial Counselor and Director, International Monetary Fund
At the G-20 Reform Initiatives: Implications for the Future of Financial Regulation, Seoul, Korea
October 21, 2009 -- Impact of the Global Financial Crisis and Its Implications for the East Asian Economy, Keynote Speech by Mr. Takatoshi Kato, Deputy Managing Director, International Monetary Fund, At the Korea International Financial Association, First International Conference
May 12, 2009 -- Why Has Asia Been Hit So Hard By The Global Economic and Financial Crisis? Presentation by Mr. Takatoshi Kato, Deputy Managing Director, IMF, at the Eighteenth General Meeting of the Pacific Economic Cooperation Council
September 29, 2006 -- Financial Markets and Economic Growth, by Anne O. Krueger, Special Advisor to the Managing Director
Tokyo
September 19, 2006 -- An Enduring Need: The Importance of Multilateralism in the 21st Century, Remarks by Anne O. Krueger
May 03, 2006 -- The New Economic Century: Experience and Opportunity in the Reform Process, by Anne O. Krueger, First Deputy Managing Director, IMF
Address To The Fraser Institute, Vancouver, Canada
May 02, 2006 -- A Remarkable Prospect: Opportunities and Challenges for the Modern Global Economy, McKenna Lecture by Anne O. Krueger, First Deputy Managing Director, IMF
At Claremont McKenna College, Claremont, California
April 06, 2006 -- The World Economy at the Start of the 21st Century, Remarks by Anne O. Krueger, First Deputy Managing Director, IMF
At the Annual Gilbert Lecture, Rochester University, New York
February 23, 2006 -- Evolution not Revolution: The Changing Role of the IMF in the Global Economy, by Anne O. Krueger, First Deputy Managing Director, IMF
Address to International Development Club, Graduate School of Business, Stanford University
December 14, 2005 -- Still Achieving, Still Pursuing: The Global Consequences of Asian Growth, Remarks by Anne O. Krueger, First Deputy Managing Director, IMF
Given to the Asia Society, Hong Kong
December 01, 2005 -- Mutual Reinforcement: Economic Policy Reform and Financial Market Strength, Remarks by Anne O. Krueger, First Deputy Managing Director, IMF
At the IASE/NBER Conference: Inaugural Lecture, Rio de Janeiro, Brazil
November 17, 2005 -- From Despair to Hope: The Challenge of Promoting Poverty Reduction, A Lecture by Anne O. Krueger, First Deputy Managing Director, IMF
Presented at the Annual Boehm-Bawerk Lecture, University of Innsbruck
October 20, 2005 -- Globalization and the New Priorities of the IMF, Speech by Rodrigo de Rato, Managing Director, IMF
At Circulo de Economía, Barcelona, Spain
October 07, 2005 -- Convinced By Commonsense -- Or Why We Need Economics, Keynote Address by Anne O. Krueger, First Deputy Managing Director, IMF
At the National Council For Economic Education, Annual Conference 2005, San Antonio, Texas, U.S.
June 30, 2005 -- Mutual Interdependence: Asia and the World Economy, Address By Anne O. Krueger, First Deputy Managing Director, IMF
To the Institute for Global Economics, Seoul, Korea
June 09, 2005 -- The Time is Always Ripe: Rushing Ahead with Economic Reform in Africa, Lecture by Anne O. Krueger, First Deputy Managing Director, International Monetary Fund
Lecture to the Economic Society of South Africa
May 09, 2005 -- 'Tis Not Too Late to Seek a Newer World: What Globalization Offers the Poor, Address by Anne O. Krueger, First Deputy Managing Director, IMF
Given to Oxford Union, Oxford
April 19, 2005 -- Trade Policy and the Strategy for Global Insertion, Speech by Anne O. Krueger, First Deputy Managing Director, IMF
Conference on Latin America in the Global Economy, Notre Dame, Indiana
April 05, 2005 -- Bismarck's Warning: The Challenge of Economic Policy Reform in the Twenty-First Century, Anne O. Krueger, IMF First Deputy Managing Director
Lecture Given to the University Philosophical Society, Trinity College, Dublin
March 17, 2005 -- Prospering in a Globalized Economy, Remarks by Rodrigo de Rato, Managing Director of the International Monetary Fund
At the Reserve Bank of India, Mumbai, India
January 14, 2005 -- Shared Experience: What Reforming Economies Have in Common, Remarks by Anne O. Krueger, First Deputy Managing Director, IMF
At a Public Lecture of the National Council of Applied Economic Research (NCAER), Delhi, India
December 04, 2004 -- Tackling Poverty and Delivering Growth: The Importance of a Sound Financial System, Remarks by Anne O. Krueger, First Deputy Managing Director, IMF
to the Lagos Business School, Lagos, Nigeria
December 02, 2004 -- Can the East Asian Miracle Persist?, Remarks by Takatoshi Kato, Deputy Managing Director, IMF
at Princeton University's Woodrow Wilson School and East Asian Studies Department
November 10, 2004 -- Banking Needs of A Global Economy, Keynote Address by Anne O. Krueger, First Deputy Managing Director, IMF
at the Bankers Conference, New Delhi, India
October 04, 2004 -- Opening Remarks by Anne O Krueger, First Deputy Managing Director, IMF
At the Lunch for African Governors of the IMF, Washington DC
September 10, 2004 -- De Tocqueville's "Dangerous Moment": The Importance Of Getting Reforms Right, Remarks by Anne O. Krueger, First Deputy Managing Director, IMF
At the World Economy Lecture, University Of Nottingham
August 27, 2004 -- Virtuous in Old Age: How the IFIs Can Help Prepare for Demographic Change, Address by Anne O. Krueger, First Deputy Managing Director, IMF
At the Jackson Hole Symposium, Jackson Hole
August 25, 2004 -- Proving Keats Wrong: The IMF as a Guardian of International Financial Stability, Address by Anne O. Krueger, First Deputy Managing Director, IMF
At the Pacific Council on International Policy, San Francisco
August 21, 2004 -- "The Georgeous East": What the Asian Economies Can Teach the World, Keynote Address by Anne Krueger, First Deputy Director of the International Monetary Fund
At the Harvard Project for Asian and International Relations (HPAIR) Business Conference, Shanghai
June 15, 2004 -- Trade, Jobs and Growth: Why You Can't Have One Without the Others, Address by Anne O. Krueger, First Deputy Managing Director, IMF
Given at the Reuters Trade, Globalization and Outsourcing Conference, New York City
June 14, 2004 -- The IMF at 60 -- Evolving Challenges, Evolving Role, Opening Remarks By Rodrigo de Rato y Figaredo, Managing Director, IMF
At Conference on "Dollars, Debts and Deficits-60 Years After Bretton Woods", Madrid
June 04, 2004 -- Letting the Future In: India's Continuing Reform Agenda, Address by Anne O. Krueger, Acting Managing Director, IMF
Keynote Speech to Stanford India Conference
February 27, 2004 -- Northeast Asia: Seizing the Opportunities of Globalization -- Speech by Horst Köhler, Managing Director, IMF
At the International Conference on a New Vision and Strategy Under Changing Leadership in Northeast Asia, Seoul
January 16, 2004 -- The Rewards of Virtue, Address by Anne O. Krueger, First Deputy Managing Director of the IMF
Opening Remarks to the National Institute of Public Finance and Policy-International Monetary Fund Conference, Fiscal Policy in India, New Delhi, India
October 24, 2003 -- Can the Tide Turn? Address by Raghuram G. Rajan, Economic Counselor and Director, Research Department, IMF
Remarks at A Conference on "The Legacy of Milton and Rose Friedman's Free to Choose: Economic Liberalism at the Turn of the Twenty First Century" -- Hosted by the Federal Reserve Bank of Dallas
September 03, 2003 -- Asia's Emerging Markets: a Growing Force in the World Economy by IMF Managing Director Horst Köhler
Kuala Lumpur, Malaysia
August 13, 2003 -- Dismantling Barriers and Building Safeguards: Achieving Prosperity in an Age of Globalization, by Anne O. Krueger, First Deputy Managing Director, IMF
Heinz Arndt Memorial Lecture, Canberra
July 15, 2003 -- Life with the IMF: Indonesia's Choices for the Future by Jack Boorman and Andrea Richter Hume
This paper was presented at the 15th Congress of the Indonesian Economists Association, Malang, indonesia
May 15, 2003 -- The Challenges of Globalization and the Role of the IMF, Address by IMF Managing Director Horst Köhler
Given at the Annual Meeting of the Society for Economics and Management at Humboldt University Berlin
March 05, 2003 -- Asia--Economic Outlook and Policy Challenges, Remarks by David Burton, Director, Asia and Pacific Department, IMF
Delivered to the Singapore Press Club and the Singapore Foreign Correspondents' Association, Singapore
August 29, 2001 -- Stanley Fischer -- Farewell Dinner Speech
June 01, 2001 -- Asia and the IMF -- Remarks by Stanley Fischer
Given at the at the Institute of Policy Studies, Singapore
January 06, 2001 -- Exchange Rate Regimes: Is the Bipolar View Correct? -- Address by Stanley Fischer
Prepared for delivery as the Distinguished Lecture on Economics in Government, jointly sponsored by the American Economic Association and the Society of Government Economists, at the meetings of the American Economic Association, New Orleans
November 15, 2000 -- Strengthening Crisis Prevention: The Role of Contingent Credit Lines -- Address by Stanley Fischer
Given at the Banco de Mexico, Mexico City
February 02, 2000 -- Presentation by Stanley Fischer to the International Financial Institution Advisory Commission
The recent crises have posed difficult new challenges, to which we responded swiftly; we are now seeing the benefits of most of the policies we recommended. But the crises also revealed the need for reform of the Fund and its activities. The process of reform is now well under way, but far from complete.
January 25, 2000 -- The Unfinished Reform Agenda in Asia: How Much Does it Matter in the Context of Renewed Growth? -- Address by Hubert Neiss
Given at the IMF Media Seminar, Singapore
December 02, 1999 -- Crisis, Restructuring, and Recovery in Korea -- Remarks by Michel Camdessus
Given at the Conference on Economic Crisis and Restructuring, Seoul, Korea
November 27, 1999 -- From the Crises of the 1990s to the New Millennium -- Remarks by Michel Camdessus
Given to the International Graduate School of Management (IESE) Palacio de Congresos, Madrid, Spain.
October 18, 1999 -- The Road to a Sustainable Recovery in Asia -- Address by Stanley Fischer
Remarks prepared for delivery at a meeting of the World Economic Forum in Singapore, October 18 1999
July 05, 1999 -- After-crisis thoughts on poverty alleviation and peace for development -- Address by Michel Camdessus
Given at the High-Level Segment of the 1999 Substantive Session of the UN Economic and Social Council, Geneva
June 17, 1999 -- The Asian Crisis: the Return of Growth -- Stanley Fischer
This is an outline of comments prepared for delivery at a dinner of the Asia Society, Hong Kong
June 09, 1999 -- Preventing and Resolving Financial Crises: The Role of the Private Sector -- Remarks by Michel Camdessus
Given at the Bretton Woods Committee 1999 Annual Meeting, Washington, D.C.
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
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
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
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
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
January 21, 1999 -- Human Dimensions of the Asian Economic Crisis by Peter S. Heller
Presentation to World Bank Regional Meeeting on Social Issues Arising from the East Asia Crisis and Policy Implications for the Future, Bangkok
January 16, 1999 -- Economic and Financial Situation in Asia: Latest Developments - Background paper prepared for presentation by Michel Camdessus
Presented at the Asia-Europe Finance Ministers Meeting, Frankfurt, Germany
January 03, 1999 -- On the Need for an International Lender of Last Resort -- Stanley Fischer
This is a slightly revised version of a paper prepared for delivery at the joint luncheon of the American Economic Association and the American Finance Association
November 10, 1998 -- The IMF and Developing Countries: from Myths to Realities -- Address by Alassane D. Ouattara
Given at the Bank Lyonnaise and the European Geopolitical Conference on the Challenges of North-South Relations at the Dawn of the 21st Century, Lyon, France
November 09, 1998 -- Reforming the International Monetary System -- Stanley Fischer
This is a revised, but still preliminary, draft of material presented as the David Finch Lecture, Melbourne
September 29, 1998 -- Recovery from Financial Crisis: Macroeconomic Policy Alternatives for Equitable Growth--Speech by Jack Boorman
Given at the North-South Institute, Ottawa, Canada
September 15, 1998 -- Crisis in Emerging Market Economies: the Road to Recovery -- Address by Michel Camdessus
Remarks given at the European-American Business Council
September 10, 1998 -- Economic Crises and the Financial Sector -- Address by Stanley Fischer
Prepared for the Federal Deposit Insurance Corporation Conference on Deposit Insurance
July 14, 1998 -- The Outlook for Japan and its Global Implications -- Address by Shigemitsu Sugisaki
Given at the Kobe University/IMF Symposium - Towards the Restoration of Sound Banking Systems in Japan - its Global Implications, Kobe, Japan
July 06, 1998 -- Bolstering Market Access of Developing Countries in a Globalized World -- Address by Michel Camdessus
Given at the High-Level Meeting of the UN Economic and Social Council, New York
June 19, 1998 -- The Asian Crisis and Implications for Other Economies - Address by Stanley Fischer
Prepared for delivery at the seminar on The Brazilian and the World Economic Outlook organized by Internews, Sao Paulo, Brazil
May 27, 1998 -- Challenges Facing the Transition Economies of Central Asia--Address by Michel Camdessus
Address given at a conference on Challenges to Economies in Transition, Bishkek, Kyrgyz Republic
May 05, 1998 -- Australia and Asia in the Global Economy--Address by Michel Camdessus
Address at the Australia Unlimited Round Table, Melbourne, Australia
May 04, 1998 -- The Asian Crisis: Origins and Lessons--Address by Alassane D. Ouattara
Address given at the Royal Academy of Morocco Seminar on "Why Have the Asian Dragons Caught Fire?"
April 20, 1998 -- ABCDE: Tenth Conference - Address by Stanley Fischer
This paper was prepared for the World Bank's Annual Bank Conference on Development Economics, Washington, D.C.
April 08, 1998 -- The Asian Crisis, the IMF, and the Japanese Economy
These remarks were prepared for delivery at the Asahi Shimbun symposium, "The Asian Economic Crisis and the Role of Japan", held in Tokyo, Japan.
April 02, 1998 -- Is The Asian Crisis Over? - Address by Michel Camdessus
Speech given at the National Press Club, Washington, D.C.
March 21, 1998 -- Enhancing Global Economic Security--Address by Alassane D. Ouattara
Address given at the Academie de la Paix et de la Securité Internationale Conference on Globalization and International Security, Monaco
March 20, 1998 -- The IMF and the Asian Crisis - Address by Stanley Fischer
This paper was prepared for delivery at the Forum Funds Lecture at UCLA.
March 12, 1998 -- Reflections on the IMF and the International Monetary System Address by Michel Camdessus
Remarks to the Economic Club of Washington, Washington, D.C.
March 09, 1998 -- Capital Account Liberalization and the Role of the Fund - Remarks by Michel Camdessus
Remarks at the IMF Seminar on Capital Account Liberalization, Washington, D.C.
March 06, 1998 -- The Asian Crisis and the World Economy--Address by Alassane D. Ouattara
Address given at the Ministry of Finance and Planning Conference on Economic Recovery through Capital Market Development, Kingston, Jamaica
February 07, 1998 -- Reflections on the Crisis in Asia--Address by Michel Camdessus
Remarks to the Extraordinary Ministerial Meeting of the Group of 24, Caracas, Venezuela
February 06, 1998 -- The IMF and its Programs in Asia--Remarks by Michel Camdessus
Remarks at the Council on Foreign Relations, New York
January 30, 1998 -- Economic Crises in Asia--Address by Shigemitsu Sugisaki
Address given at the 1998 Harvard Asia Business Conference, Harvard Business School
January 22, 1998 -- The Asian Crisis: A View from the IMF--Address by Stanley Fischer
Remarks given at the Midwinter Conference of the Bankers' Association for Foreign Trade
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
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 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
November 28, 1997 -- The Asian Crisis and the International Response -- Address by Michel Camdessus
Given at the Institute of Advanced Business Studies (IESE) of the University of Navarra, Barcelona, Spain
June 13, 1997 -- The Agenda for Global Financial Cooperation
Address by Michel Camdessus to the Association of Japanese Business Studies, Washington, D.C.