Republic of Korea: 2013 Article IV Consultation-Staff Report; Press Release and Statement by the Executive Director for the Republic of Korea

Publication Date: April 17, 2014
Electronic Access: Free Full text (PDF file size is 1,939KB).
Use the free Adobe Acrobat Reader to view this PDF file

Summary: This 2013 Article IV Consultation highlights that the Republic of Korea has experienced impressive growth since the 1970s, enabling it to escape the middle-income trap. Policies should aim to tackle the weakness of domestic demand and counter forthcoming headwinds to potential growth. Korea is reaping the benefits of prudent macroeconomic management and financial moderation. The economy faces significant medium-term growth and inclusiveness challenges. Slow household income growth hinders stabilization in household debt and weighs on domestic demand, while services sector productivity is very low.
Series: Country Report No. 14/101
Subject(s): Article IV consultation reports | Economic growth | Demand | Fiscal policy | Fiscal reforms | Labor market reforms | Monetary policy | Financial sector | Economic indicators | Staff Reports | Press releases | Korea, Republic of

Publication Date: April 17, 2014
ISBN/ISSN: 9781484355619/1934-7685 Format: Paper
Stock No: 1KOREA2014001 Pages: 64
US$18.00 (Academic Rate:
US$18.00 )
Please address any questions about this title to