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This 2015 Article IV Consultation highlights that Korea’s growth momentum that had been building since early 2013 has stalled. Average quarterly growth rate declined to about 0.5 percent in the last three quarters of 2014 from about 1 percent in the previous four quarters. A turning point was the April 2014 Sewol ferry accident, which had a surprisingly large and persistent impact on consumer and investor sentiment. Growth is projected to be in a range centered about 3 percent in 2015. The main external risks include slower-than-expected growth in Korea’s main trading partners, the impact of a persistently weak yen on Korean export industries, and side-effects from the global financial conditions.

Economic development -- Korea. --- Fiscal policy -- Korea. --- International Monetary Fund -- Korea. --- Korea -- Economic conditions. --- Monetary policy -- Korea. --- Structural adjustment (Economic policy) -- Korea. --- Business & Economics --- Economic History --- Accounting --- Exports and Imports --- Foreign Exchange --- Macroeconomics --- Statistics --- Real Estate --- Price Level --- Inflation --- Deflation --- International Lending and Debt Problems --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- Trade: General --- Public Administration --- Public Sector Accounting and Audits --- Housing Supply and Markets --- International economics --- Econometrics & economic statistics --- Financial reporting, financial statements --- Currency --- Foreign exchange --- Property & real estate --- External debt --- Government finance statistics --- Exports --- Financial statements --- Exchange rates --- International trade --- Economic and financial statistics --- Housing prices --- Prices --- Public financial management (PFM) --- Debts, External --- Price indexes --- Finance --- Finance, Public --- Housing --- Korea, Republic of