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Country Forecast South Korea Updater Product Image

Country Forecast South Korea Updater

  • Published: March 2014
  • Region: South Korea
  • 17 Pages
  • The Economist Intelligence Unit

Park Geun-hye will retain her position as president until her term ends in 2017. The country's first female leader will pursue a broadly pro-business policy in line with that of her predecessor, Lee Myung-bak. The president will, however, pay greater attention to social equality and welfare.

The Saenuri Party has a majority in parliament, which is likely to be maintained despite various political scandals. However, these scandals mean that the government may not be particularly effective in the coming months. Nevertheless, the opposition is unlikely to be able to capitalise on this, as factionalism will inhibit its ability to pursue its own agenda.

The execution in mid-December 2013 of Jang Song-thaek, the uncle and mentor of the North Korean leader, Kim Jong-un, adds fresh uncertainty to the North-South relationship, and means that North Korean provocations on the international front are more likely to occur.

Country Forecast South Korea Updater

Country forecast overview: Highlights

Country forecast overview: Key indicators

Country forecast overview: Business environment rankings

Country forecast overview: South Korea's business environment at a glance
Policy towards private enterprise and competition
Policy towards foreign investment
Foreign trade and exchange controls
Taxes
Financing
The labour market
Infrastructure

Fact sheet

Outlook for 2014-18: Political stability

Outlook for 2014-18: Election watch

Outlook for 2014-18: International relations

Outlook for 2014-18: Policy trends

Outlook for 2014-18: Fiscal policy

Outlook for 2014-18: Monetary policy

Outlook for 2014-18: Economic growth

Outlook for 2014-18: Inflation

Outlook for 2014-18: Exchange rates

Outlook for 2014-18: External sector

Data summary: Global outlook

Data summary: Gross domestic product, current market prices

Data summary: Gross domestic product, at constant prices

Data summary: Gross domestic product by sector of origin

Data summary: Growth and productivity

Data summary: Economic structure, income and market size

Data summary: Fiscal indicators

Data summary: Monetary indicators

Data summary: Employment, wages and prices

Data summary: Current account and terms of trade

Data summary: Foreign direct investment

Data summary: External debt

Data sources and definitions
Global data
Domestic data
Abbreviations

Note: Product cover images may vary from those shown

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