May 01, 2024

ABOUT THE AUTHOR

Peter Ward

Peter Ward

Peter Ward is a research fellow at the Sejong Institute. His work focuses on North Korean politics, the economy and society. He has a Ph.D. from the University of Vienna.

Analysis

South Korea’s twin deficit problem: government and current account deficits

Rising costs and government borrowing worry policymakers as country faces twin deficits for first time in 25 years

Peter WardPeter WardApril 5, 2023
Analysis

Why there are reasons to worry about South Korea banks after SVB collapse

While SVB-style bank run is unlikely, smaller ROK financial institutions are more vulnerable

Peter WardPeter WardMarch 20, 2023
Analysis

What the Bank of Korea hopes and fears for the South Korean economy in 2023

Governor Rhee Chang-yong believes prospects are good, but housing market and US-China competition remain risks

Peter WardPeter WardJanuary 19, 2023
Analysis

What rising interest rates mean for the South Korean real estate market

Affluent Koreans may weather their debts, but pain will be acute for marginal groups

Peter WardPeter WardDecember 21, 2022
Analysis

Legoland default a bleak signal for South Korea’s corporate bond market

ROK authorities have indicated they’ll intervene to avert a crisis, but some defaults and rate raises likely inevitable

Peter WardPeter WardNovember 7, 2022
Analysis

Why South Korea’s highly regulated economy is a headache for foreign investors

While the country excels at transparency, entrenched interests in key sectors limit returns foreign investors can expect

Peter WardPeter WardOctober 25, 2022
Analysis

South Korea reins in budget spending in face of demographic time bomb

While ROK still enjoys enviable fiscal position, cuts from Moon-era budget highs will likely hurt industry and poor

Peter WardPeter WardSeptember 12, 2022
Analysis

Why South Korea’s powerful economy is still considered a developing market

Status contributes to undervalued stocks, but Seoul has shown little interest in required reforms

Peter WardPeter WardAugust 22, 2022
Analysis

What the Bank of Korea’s rate spike means for the South Korean economy

Central bank seeks to curb inflation, but rate increase will likely be painful for many firms and households

Peter WardPeter WardJuly 13, 2022
Analysis

Why inflation is finally spiking in South Korea, months after the US

Different factors have driven rising prices in two countries, increasing likelihood of economic slowdown

Peter WardPeter WardJune 15, 2022