Yields on long-term government bonds have risen significantly in major economies during the past year. The increase in long-term yields is driven by several factors,...

North Korea’s economy grew 3.5 percent in 2025, the third straight year above 3 percent, according to the Bank of Korea (Figure 1). Output has now passed its...

South Korea’s 2035 Nationally Determined Contribution (NDC), submitted to the United Nations Framework Convention on Climate Change in December 2025, sets a target of reducing...

The KOSPI, South Korea’s benchmark stock market index, nearly doubled during the first half of 2026, the largest increase in the world (Figure 1, Panel...

War in the Middle East has cut the global growth outlook. However, despite South Korea’s heavy reliance on Middle Eastern energy, the OECD Economic Outlook in June...

South Korea has become more dependent on China for imports and on the United States for exports. This concentration of trade with the two global...