The real economy of South Korea in 2021 will show a recovery pattern. Consumption will show a sluggish recovery as it is directly affected by COVID-19, and this negative effect has not fully worn off. However, exports and investment are expected to rebound sharply since economic activity has...

The value of the Korean won (KRW) to the US dollar (USD) recently fell to its weakest level since 2009, and its real effective exchange rate (REER) was even lower. The KRW to USD rate exceeded 1,400 won per dollar due to the tight monetary policy of major economies, the Russian invasion of...