South Korea

BMI View: While it now appears that North Korea was not responsible for the sinking of a South Korean warship on March 26, tensions in the West Sea will linger. This will sour the... 2010-03-29

BMI View: South Korea's current account dipped into deficit in January for the first time since January 2009. The shift from a US$1.5bn surplus in December to a US$0.4bn deficit... 2010-03-04

President Lee Myung-bak attended a Korea-India summit in New Delhi on January 25, in our view enhancing South Korea's regional profile. President Lee and Indian Prime Minister Manmohan... 2010-02-05

BMI View: South Korea's record breaking US$42.7bn current account surplus in 2009 helped its economy bounce back from the jaws of recession. While we expect further export gains... 2010-02-05

Macroeconomic forecast.

The Bank of Korea (BoK) announced on November 26 that it would use a wider consumer price inflation target band for the years 2010-2012 compared to that currently used. At present,... 2009-11-27

BMI View: We expect South Korea to continue along the V-shaped recovery path that now appears to be playing out.

South Korea's main opposition Democratic Party (DP) won legislative by-elections in late October, defeating the ruling Grand National Party (GNP). DP candidates Lee Chan Yeol, Kim... 2009-10-29

BMI View: A new summit between the two Koreas, rumoured to be under discussion, would be symbolically important, but we would not expect it to persuade the North to denuclearise.... 2009-10-29

Given the increasing breadth of economic recovery in South Korea, we have decided to upgrade our full-year 2009 growth forecast from -1.9% to -1.1%. This projection is based on expectations... 2009-10-05