Republic of Korea Staff Report for the 2006 Article IV Consultation

Korea has enjoyed strong growth owing to rapidly increasing exports and consumption. Potential growth is slowing as the population ages, whereas social polarization is growing. Korea should implement plans to build an advanced financial system and improve service productivity by opening the sector t...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2006
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Korea, Republic of 
653 |a Population & demography 
653 |a Depository Institutions 
653 |a Inflation 
653 |a Banks 
653 |a Finance 
653 |a Short-term Capital Movements 
653 |a Banks and banking 
653 |a Industries: Financial Services 
653 |a Deflation 
653 |a Current Account Adjustment 
653 |a Micro Finance Institutions 
653 |a Balance of payments 
653 |a Trade: General 
653 |a Exports and Imports 
653 |a Mortgages 
653 |a Economic sectors 
653 |a International economics 
653 |a International Lending and Debt Problems 
653 |a Debts, External 
653 |a External debt 
653 |a Price Level 
653 |a International trade 
653 |a Demography 
653 |a Exports 
653 |a Banks and Banking 
653 |a Current account balance 
653 |a Financial Institutions and Services: General 
653 |a Financial services industry 
653 |a Prices 
653 |a Macroeconomics 
653 |a Banking 
653 |a Finance: General 
653 |a Financial sector 
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520 |a Korea has enjoyed strong growth owing to rapidly increasing exports and consumption. Potential growth is slowing as the population ages, whereas social polarization is growing. Korea should implement plans to build an advanced financial system and improve service productivity by opening the sector to more competition and enhancing small firms’ access to finance. It should also address the prospective long-term deterioration of the fiscal position owing to population aging by tackling the health care and pension problems, and increase labor market flexibility