Republic of Korea: Report on Observance of Standards and Codes: Data Module
IMF Staff Country Reports, July 27, 2010
Source details
- Canonical URL
- Republic of Korea: Report on Observance of Standards and Codes: Data Module
Other formats
Bibliographic details
- Published: July 27, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455204298.002
Summary findings
- Korea’s statistics are generally of a high quality, and reflect a significant improvement since the last Report on the Observance of Standards and Codes.
- Korea’s adherence to internationally accepted statistical practices requires cross-cutting recommendations, and the development of a national publication dedicated to the dissemination of data and metadata for general government.
- For monetary statistics purposes, valuing all marketable financial instruments in the Bank of Korea (BOK) balance sheet and aligning the basis of recording of income transactions to that recommended by international standards is required.
Major thematic findings (by statistical domain)
- Balance of payments statistics: Identified among the subject areas assessed for observance.
- Consumer price indexes: Noted as a subject area; classified under Consumer price indexes and B. consumer price index in keywords.
- Economic and financial statistics: Recognized as a core area of assessment.
- Government finance statistics: Need for a national publication dedicated to dissemination of data and metadata for general government.
- Monetary statistics: Specific recommendations for the Bank of Korea (BOK) to value all marketable financial instruments in the BOK balance sheet and to align the basis of recording of income transactions with international standards.
- National accounts and Prices: Included among assessed subject areas.
Cross-cutting recommendations and requirements
- Develop a national publication dedicated to the dissemination of data and metadata for general government.
- Implement cross-cutting recommendations to strengthen adherence to internationally accepted statistical practices.
- For monetary statistics:
- Value all marketable financial instruments in the Bank of Korea (BOK) balance sheet.
- Align the basis of recording of income transactions to that recommended by international standards.
Keywords and subjects highlighted in the report
- Subjects: Balance of payments statistics, Consumer price indexes, Economic and financial statistics, Government finance statistics, Monetary statistics, National accounts, Prices.
- Keywords: accounting, B. consumer price index, balance of payments, Balance of payments statistics, BOK balance sheet, BOK plan, central government, Consumer price indexes, CR, foreign currency, Global, Government finance statistics, ISCR, KOSTAT, Monetary statistics, statistics.
Republic of Korea: Report on Observance of Standards and Codes: Data Module — IMF Staff Country Reports, July 27, 2010.