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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

South Korea Facing Another Economic Challenge

May, 12 2017
watermark Economic news

In a data released by the United Nations Economic and Social Survey of Asia and the Pacific earlier this month, the growth of the Korean economy in the previous year appeared to be in trouble due to the sustained recession in the international trade.

An expert from the UN panel stated on Friday that the economies of the Asia-Pacific nations are predicted to acquire a 1.2 percentage point lower on average this 2017, this uncertainty is a greater challenge for South Korea.


Kilaparti Ramakrishna, subregional office director of ESCAP for East and North-East Asia, stated that the case of the Korean nation rarely happens among Asia, in consideration of the process of reorganizing a government under the leadership of President Moon Jae-in.


Furthermore, the East Asian-based nation is supported by robust domestic demand while the governance is efficient and fiscal management was further improved. It requires more support to maintain the strength of these aspects, securing that it will not decline.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.