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A view shows Samsung Electronics' chip production plant at Pyeongtaek, Korea, in this handout picture carried by Reuters and Yonhap on Sept. 7, 2022.

Chip boom continues to drive recovery despite manufacturing slowdown

The Korea Development Institute said strong semiconductor exports and services are sustaining Korea’s economic rebound despite softer manufacturing output and lingering inflation risks.

2026.7.8

Containers fill a port in Pyeongtaek, Gyeonggi, on May 8. [YONHAP]

KDI projects economy to expand 2.5% this year on chips

The Korean economy is projected to expand 2.5 percent in 2026, supported by strong growth in the semiconductor industry and a recovery in domestic consumption, a state-run think tank said Wednesday.

2026.5.13

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A person fuels their vehicle at a gas station in Seoul on April 6. [NEWS1]

State-run think tank assesses that Iran war will spur economic risks, inflationary pressure

Downside risks to the Korean economy are increasing amid the prolonged conflict in the Middle East, as rising global oil prices and supply chain disruptions could have broader negative impacts on prices, consumption and exports.

2026.4.7

Containers ready for export are piled up at a port in Incheon on Feb. 1. [NEWS1]

KDI ups Korea's 2026 growth outlook to 1.9 percent, cites strong chip exports, consumer spending

Korea's state-run economic think tank on Wednesday raised its 2026 growth forecast for the domestic economy to 1.9 percent, citing strong semiconductor exports and a recovery in consumer spending.

2026.2.11

Export-bound containers are stacked at Pyeongtaek Port in Gyeonggi on Dec. 29, 2025. [NEWS1]

Economy showing gradual industrial recovery despite weakness in construction: KDI

The Korean economy is showing a gradual recovery in industrial production, led by stronger consumption, despite continued weakness in the construction sector, a state-run think tank said Thursday.

2026.1.8

People shop at a market in Seoul on Nov. 3. [YONHAP]

KDI sees continued gradual growth for 2025 and beyond

The Korea Development Institute (KDI) forecast Tuesday that Korea’s economy will grow 0.9 percent in 2025 and 1.8 percent in 2026, citing a gradual recovery in domestic demand supported by expansionary fiscal policies and a semiconductor rebound.

2025.11.11

Containers are stacked at Pyeongtaek Port in Gyeonggi on Sept. 4. [YONHAP]

Industrial output remains weak amid construction slump; consumer spending shows recovery: KDI

Korea's industrial output continues to show weak performance due to a prolonged slump in the construction sector, while consumer spending is showing signs of improvement, a state-run think tank said Thursday.

2025.10.16

Grocery shoppers look around displays at a large supermarket in Seoul on Aug. 5. [NEWS1]

Production growth remains weak; consumer sentiment shows improvement: KDI

The Korean economy continues to show weak production gains, largely due to a slump in the construction sector, but consumer spending has shown some improvement as of late, a state-run think tank said Thursday.

2025.8.7

People walk through Myeong-dong in central Seoul on May 6. [YONHAP]

Korea's economic growth may slow to near 0% in 2040s: KDI

The Korean economy's potential growth rate may fall to around 0 percent in the 2040s due largely to demographic changes unless necessary reforms are taken in a timely manner, a major state-run economic think tank said Thursday.

2025.5.8

Shipping containers are stacked at a port in the southeastern city of Busan on April 3. [YONHAP]

U.S. tariffs, sluggish production fueling downward risks for Korean economy: KDI

The Korea Development Institute's monthly report referred to "mounting" downside risks for the economy due to sluggish production and U.S. tariff volatility.

2025.4.7