Executive Board
Calendar
Board Discussions
on the Republic of Korea:

Previous:
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 3.8
Consumer Prices 1.8 3.0
Source: World Economic Outlook (April 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 April 17, 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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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
April 25, 2009 -- IMFC Statement by Mr. Kyung-Wook Hur,First Vice Minister, Ministry of Strategy and Finance, Korea on behalf of the Hon. Jeung-Hyun Yoon, Finance Minister of the Republic of Korea
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 350Kb
April 22, 2009 -- Transcript of a Press Conference on the International Monetary Fund's World Economic Outlook
March 27, 2009 -- IMF Survey: World Faces Crisis Crossroads at G-20 Summit, Says IMF
The world is at a crossroads as it faces its greatest economic crisis in 60 years, IMF Managing Director Dominique Strauss-Kahn says during a trans-Atlantic video news conference. G-20 leaders who meet in London on April 2 have the opportunity to spur a recovery next year if they take the right action.
February 06, 2009 -- IMF Survey: Stimulus Measures Bolstering Demand Amid Crisis, IMF Says
Most of the world's leading advanced and emerging market economies have adopted stimulus measures to counter the growing financial and economic crisis, according to an analysis by the IMF that estimates the collective impact on growth of around ½ -1¼ percentage points.
February 05, 2009 -- IMF Survey: IMF Urges G-20 States To Take More Decisive Action to Combat Crisis
The IMF urges the Group of Twenty industrialized and emerging market countries to take more decisive policy action to combat the corrosive global financial and economic crisis by bolstering demand and cleaning up the financial sector.
February 03, 2009 -- Transcript of a Briefing of Asia Press by International Monetary Fund Managing Director Dominique Strauss-Kahn with Anoop Singh, Director of the IMF's Asia and Pacific Department, and Caroline Atkinson, Director of External Relations
February 03, 2009 -- Korea, Navigating through the Global Headwinds, An article by Anoop Singh, Director, Asia and Pacific Department, International Monetary Fund
Published in Yonhap News Agency (Korea)
November 01, 2008 -- StressTesting Household Debt in Korea
Author/Editor: Karasulu, Meral
Series: Working Paper No. 08/255
October 19, 2008 -- Press Release: Statement by IMF Managing Director Strauss-Kahn on Korea
October 13, 2008 -- Statement by the Hon. Man-Soo Kang, Governor of the IMF and the World Bank Group for Republic of Korea, at the Joint Annual Discussion
PDF File Size: 98Kb
October 11, 2008 -- IMFC Statement by Wayne Swan, Treasurer of the Commonwealth of Australia
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Philippines, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 353Kb
September 12, 2008 -- Public Information Notice: IMF Executive Board Concludes 2008 Article IV Consultation with the Republic of Korea
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
September 11, 2008 -- Republic of Korea: Selected Issues
Series: Country Report No. 08/296
September 11, 2008 -- Republic of Korea: 2008 Article IV Consultation—Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Korea
Series: Country Report No. 08/297
July 11, 2008 -- Press Release: Statement at the Conclusion of the 2008 Article IV Consultation Mission to Korea
April 12, 2008 -- IMFC Statement by Hon. Wayne Swan, Treasurer of the Commonwealth of Australia
On behalf of: Australia, Federated States of Micronesia, Kiribati, Republic of Korea, Republic of the Marshall Islands, Mongolia, New Zealand, Philippines, Republic of Palau, Papua New Guinea, Solomon Islands, Seychelles, Vanuatu, Samoa. PDF File Size: 52Kb
April 01, 2008 -- Issues Brief - Reform of IMF Quotas and Voice: Responding to Changes in the Global Economy
On March 28, 2008, the Executive Board of the IMF endorsed a major package of reforms that will enhance the institution's governance. Once approved by the Fund's Board of Governors (they are expected to cast their votes by April 28), the agreement will adjust quota shares to better reflect the relative weight of member countries in the world economy, particularly that of dynamic emerging countries. It will also enhance the voice and representation of low-income countries within the IMF.
March 01, 2008 -- Issues Brief - Reform of IMF Quotas and Voice: Responding to Changes in the Global Economy
In September 2005, the IMF embarked on a wide-ranging program of modernization called the Medium-Term Strategy. One important element of the Strategy is governance reform, including adjusting quota shares to reflect better the relative weight of members in the world economy and enhancing the voice and participation of low-income members within the institution. This reform is critical for the continued effectiveness of the Fund.
January 31, 2008 -- IMF Survey:
Work Program, IMF Reform, Local Bond Markets, Lipsky Sees Slower Growth, Climate Change, Lipsky Interviewed, Fiscal Spending in G-7, Korea Health Check, Loan for Guinea, Technical Assistance, Indonesia, Chile's Economy, IEO, Conditionality, News Briefs PDF File Size: 774Kb

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