South Korea holds annual meeting with IMF on economy

The Korea Times

The Korea Times

Finance

Thu, November 30, 2023 | 12:37

Policies

South Korea holds annual meeting with IMF on economy

Posted : 2019-02-26 15:17

Updated : 2019-02-26 16:32

Tarhan Feyzioglu, the IMF's mission chief for Korea, speaks during a press conference in Seoul on Nov. 14, 2017. Yonhap

South Korea said Tuesday it will begin its annual meeting with an International Monetary Fund team this week on the state of the economy and its overall economic policies.

The IMF team led by Tarhan Feyzioglu is set to meet officials of the Ministry of Economy and Finance, the Fair Trade Commission, the Ministry of Employment and Labor, the Bank of Korea and the Financial Services Commission, as well as other private South Korean companies, from Wednesday to March 11.

Feyzioglu, IMF's Korea mission chief, is set to give a briefing in Seoul on March 12 after wrapping up the official visit to Asia's fourth-largest economy.

The Ministry of Economy and Finance said South Korea's economy could grow about 2.6 to 2.7 percent in 2019 amid a slowing global economy and U.S.-China trade disputes.

In January, the BOK said South Korea's economy could expand 2.6 percent in 2019, in line with IMF's 2019 growth projection of 2.6 percent. In 2018, the country's economy grew 2.7 percent. (Yonhap)