South Korea’s economy grows, but challenges remain amid export dependence



Analysis South Korea’s economy grows, but challenges remain amid export dependence Report reveals uneven growth, rising government debt and population concerns, overshadowing historic milestone Peter WardJune 18, 2024 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON An illustration of containers and a truck \| Image: Korea Pro South Korea’s central bank’s economic report for the first quarter of 2024 revealed steady economic growth, a historic milestone in per capita income and a downward revision of the household debt-to-GDP ratio. However, a closer examination of the data reveals that South Korea’s economy is grappling with a series of challenges that could have far-reaching implications for its future prosperity. South Korea’s central bank’s economic report for the first quarter of 2024 revealed steady economic growth, a historic milestone in per capita income and a downward revision of the household debt-to-GDP ratio. However, a closer examination of the data reveals that South Korea’s economy is grappling with a series of challenges that could have far-reaching implications for its future prosperity. Get 30 days of free access to KoreaPro Full access to all analysis The KOREA PRO newsletter, every business day Daily analysis on the top story of the day The ability to suggest topics for coverage by our specialist team Be smart about South Korea Get full access to expert analysis and opinion. Start now No charges during your trial. Cancel anytime. A paid subscription will start after 30 days. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Briefing Start your day with the South Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily Briefing. LATEST ANALYSIS 01South Korea’s women-only universities weigh co-education as enrollments decline 02South Korea targets semiconductor self-reliance for national defense 03Employment for married South Korean women hits record but Devil is in details 04Trump’s return forces South Korea’s defense industry to adapt to new realities 05Lee Jae-myung verdict disrupts South Korea’s opposition party and 2027 election 06South Korea grapples with how to stymie crypto-fueled drug trade 07Science vs. Humanities: Why South Korean students switch their academic tracks 08How pro-Russian hackers took down South Korea websites over support for Ukraine

Analysis

South Korea’s economy grows, but challenges remain amid export dependence

Report reveals uneven growth, rising government debt and population concerns, overshadowing historic milestone

Peter WardJune 18, 2024

South Korea’s economy grows, but challenges remain amid export dependence

An illustration of containers and a truck | Image: Korea Pro

South Korea’s central bank’s economic report for the first quarter of 2024 revealed steady economic growth, a historic milestone in per capita income and a downward revision of the household debt-to-GDP ratio.

However, a closer examination of the data reveals that South Korea’s economy is grappling with a series of challenges that could have far-reaching implications for its future prosperity.

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South Korea’s economy grows, but challenges remain amid export dependence

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Peter Ward

South Korea’s economy grows, but challenges remain amid export dependence

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