1분기 깜짝 성장 속 한국 경제 진단
Hello and welcome to Within the Frame. Coming to you live from Seoul, I'm Han Da-eun.
South Korea's economy grew at the fastest pace in over two years in the first quarter of this year, beating market expectations and catching the world by surprise.
The OECD has sharply revised up Korea’s growth forecast for this year to 2.6%, projecting robust recovery in exports, consumer spending and investment.
But some economists urge caution, pointing out that the country still faces a series of headwinds.
For an accurate diagnosis of the Korean economy and some insights into necessary policy measures, we now invite Kim Sei-wan, Professor of Economics at Ewha Womans University to the program.
Also with us tonight is Daniel Moss, Bloomberg Opinion Columnist who writes about Asian economies.
(MOSS) Q1. In your recent column published in Bloomberg, you mentioned that there is much more to the South Korean economy than its cultural exports that deserves more attention. Could you elaborate on the driving forces that led what you referred to as the “surprise South Korean boom”?
(KIM) Q2. South Korea saw surprisingly strong first-quarter growth, with the country logging a current account surplus of over 16.8 billion dollars. Would you say that Korea is now on a solid path to recovery?
(KIM) Q3. The problem is, though, that Korea’s stronger-than-expected growth is not being felt by ordinary citizens. This has prompted President Yoon to call for measures that can help citizens reap the benefits of Korea’s economic recovery. What underlies the discrepancy between robust data and citizens’ economic struggles?
(MOSS) Q4. Korea’s inflation remains sticky and the continual depreciation of the Korean won against the dollar is worrying the Bank of Korea. Give us your analysis of the headwinds currently facing the Korean economy.
(MOSS) Q5. From a long-term perspective, some economists say that the Korean economy’s traditional growth drivers of manufacturing and large conglomerates are showing signs of running out of steam. We want to get your thoughts on this.
(KIM) Q6. Next week, the Bank of Korea will hold the final rate-setting meeting of the first half of this year. Do you expect another rate freeze, and how do you gauge the impact on domestic spending?
(KIM/ MOSS) Q7. President Yoon, marking two years in office, has vowed to focus on revamping people’s livelihoods in the remainder of his term. What are the urgent tasks, and what policies are needed to address them?
And that brings us to the end of this show.
Thank you for watching, and be sure to tune in same time tomorrow to join our conversation.
Good bye for now.
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2024-05-16, 18:30 (KST)