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Opinion

Columnists

What we learned about Korea's economy during pandemic

The government and the Bank of Korea (BOK) have made vital policy changes aimed at withdrawing the liquidity that they released during the COVID-19 pandemic. The central bank has raised its base rate by 25 basis points, earlier than any other Asian economy, and the government tightened macro-prudential policy in order to control household debt. We believe that these efforts reflect a desire to normalize the economic cycle disrupted by the pandemic.

2021-10-04 13:04

Explaining Korea's policy mix

“Fiscal and monetary policies should complement each other, depending on the economic situation.”

2021-07-19 16:26

Get ready for interest rate hikes

Over the past week, Korea reported 577 daily confirmed COVID-19 cases on average. The number of cases has not been declining, contrary to expectations that the vaccine rollout would reduce the domestic caseload. While vaccination delays and rising infections are fueling concerns about the Korean economy, we still expect solid economic growth this year. Along with this growth, we forecast that inflation will rise. Rising inflation is likely to prompt the Bank of Korea (BOK) to raise interest rates early next year, after having lowered them during the pandemic.

2021-05-16 17:17

Korean won likely to stay strong

The Korean won has depreciated about 4.9 percent against the U.S. dollar so far this year. The drop has been faster than expected, but despite this weakness, we remain bullish on the won in the long run, as we believe fundamentals favor the currency.

2021-03-14 17:01

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