South Korea finance minister sees growth topping IMF forecast

AI-generated briefing by News4U · First published

Finance Minister Lee Hyoung-il said robust exports and investment could push 2026 growth above the IMF's 3.3 percent projection.

Finance Minister Lee Hyoung-il told reporters in Bangkok that South Korea's economy could exceed the IMF's 3.3 percent growth forecast for this year if third-quarter exports and facility investment remain strong, barring major external shocks. [1]

Lee also said the government may raise the frequency of its economic forecasts from twice to three times a year and is focusing on housing, jobs and financial services to address disparities. [1]

Separately, government data showed interest payments on state bonds are projected to rise 48.4 percent to 51.09 trillion won ($38 billion) by 2030. [2]

Sources

  1. S. Korea's growth could exceed IMF projection: finance minister

    Yonhap Business · · Full text

  2. Korea’s bond interest bill to top $38bn by 2030

    Pulse by Maeil Business · · Full text

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