Republic of Korea: Selected Issues

International Monetary Fund

No 2007/345, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; rate; China; mortgage market; won; firm; mortgage; capital account transactions; expenditure growth; expenditure pressure; help Seoul; rate hike; yen market; future spending needs; public debt debt ratio; market-making mechanism; Korea's export; current account; Mortgages; Exports; Global; Asia and Pacific (search for similar items in EconPapers)
Pages: 58
Date: 2007-10-11
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