Republic of Korea: Selected Issues
October 11, 2007
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This Selected Issues paper on the Republic of Korea reviews near-term economic prospects and risks. Korea experiences solid growth with low inflation, and vulnerabilities to potential shocks appear low. With Korea aging at an almost unprecedented rate, spending on pensions, health, and long-term care could rise by as much as 11 percent of GDP over the long term, threatening fiscal sustainability. Although risks facing financial institutions appear quite manageable, the authorities have focused on risks to the highly indebted household sector.
Subject: Currencies, Expenditure, Exports, Financial institutions, International trade, Mortgages, Public debt, Revenue administration
Keywords: Asia and Pacific, capital account transactions, China, CR, current account, expenditure growth, expenditure pressure, Exports, firm, future spending needs, Global, help Seoul, ISCR, Korea's export, market-making mechanism, mortgage, mortgage market, Mortgages, public debt debt ratio, rate, rate hike, won, yen market
Pages:
58
Volume:
2007
DOI:
Issue:
345
Series:
Country Report No. 2007/345
Stock No:
1KOREA2007002
ISBN:
9781451822229
ISSN:
1934-7685
