The Sound Economy of Korea
Korea has the world’s 10th largest economy, with a value of approximately USD 1.8 trillion. Also, Korea’s economic fundamentals are solid, with its trading volume ranking 8th as of 2021, and with the 9th largest foreign exchange reserves as of end-June 2022 in the world.
The country’s stable economy continues to support business management and growth. According to the International Monetary Fund (IMF), Korea’s economic growth rate is forecast at 2.3% in 2022.
- Trade Volume USD 1.68 T (2019) 8위
- Trade Balance USD 37.7 B (2019) 5위
- GDP USD 1.63 T (2019) 12위
- Number of Listed Companies 2,204 (2019) 8위
- Foreign Exchange Reserves
※ Source: International Monetary Fund (IMF), Korea International Trade Association (KITA), Bank of Korea (BOK), Korea Exchange, Brand Finance, Korean Statistical Information Service (KOSIS)