South Korea

In-depth country-focused analysis on South Korea's economic, political and operational risk environment, complemented by detailed sector insight

Our comprehensive assessment of South Korea's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect South Korea, as well as the latest industry developments that could impact South Korea's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in South Korea before your competitors.

South Korea Country Risk

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Core Views While we remain relatively constructive on South Korea's economic growth in 2014, as we expect real GDP growth to accelerate to 3.0% from 2.8% in 2013, our forecasts are fairly below...

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South Korea Industry Coverage (21)

Agribusiness

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We are largely sanguine about the long term prospects of South Korea's agricultural sector. Our view is based on the government's decision to gradually remove barriers to trade and move up the value...

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Autos

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Sales According to the Korea Automobile Manufacturers Association (KAMA), domestic auto sales for the country's five main automakers rose 9.5% year-on-year (y-o-y) in April 2014 to 130,145 units....

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Commercial Banking

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Commercial Banking Sector Indicators Date Total assets Client loans Bond portfolio Other Liabilities and capital Capital Client deposits Other...

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Consumer Electronics

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BMI View: The South Korean consumer electronics is mature, meaning growth rates will be below those of emerging markets. We expect the market will remain in positive growth territory over the medium...

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Defence & Security

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BMI View:   Continued tension with Pyongyang dominates the outlook for South Korean defence and security. The uncertainty caused by the bellicose regime to the north has driven substantial defence...

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Food & Drink

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BMI View:  South Korea's relatively strong Q114 real GDP growth print has prompted us to upgrade our 2014 growth forecast to 3.5% from 3.0% previously. Korean exporters will continue to ride on...

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Freight Transport

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South Korea's relatively strong Q1 20 14 real GDP growth print has prompted us to upgrade our 2014 growth forecast to 3.5% from 3.0% previously. Korean exporters will continue to ride on the...

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Information Technology

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BMI View:   T he South Korean IT market is forecast to grow at a CAGR of 7. 5 % 2014-2018 to reach a value of KRW 37.9 trn in 2018. Growth rates will be lower than emerging markets in APAC...

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Infrastructure

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BMI View: We see no reason to deviate from our expectations of a continuing slowdown in South Korea's construction sector. This is primarily because of our downbeat outlook towards all of the...

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Insurance

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BMI View: Developments through 2014 confirm our view that South Korea's massive insurance sector should continue to achieve steady growth in premiums through the forecast period. Demographic...

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Medical Devices

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Espicom Industry View: The South Korea n medical device market continues to see sluggish growth . Neverthe le ss, market fundamentals remain strong with a rapidly ageing population and...

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Metals

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BMI View: South Korean metals consumption growth is set to moderate in H 214 and 2015 , as the country's exports of manufactured goods are hit by a global economic slowdown and an expected...

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Mining

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BMI View: The cooling of the Chinese economy will remove the shine off mining investment in South East Asia . Frontier regions will be the first places where miners pull back their investment as...

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Oil & Gas

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BMI View:   South Korea's industrialised economy and poor upstream prospects will keep the country a large importer of crude oil and natural gas. Poor crude oil refining margins and high oil...

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Petrochemicals

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BMI View: T he South Korean petrochemicals market will suffer from weak growth in automotive, construction and retail segments, according to BMI 's latest South Korea Petrochemicals Report....

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Pharmaceuticals & Healthcare

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BMI View:   South Korea's pharmaceutical market will continue to grow in low-single digit terms due to the government's aim to contain healthcare expenditure in general and pharmaceutical...

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Power

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BMI View: While our medium-term outlook for South Korea's electricity sector remains positive, with fundamental factors such as stable economic, positive demographic growth and supportive public...

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Real Estate

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BMI View: We are forecasting continued moderate growth in the retail sector in 2014 and 2015.The outperformer in the long term will be the retail sub-sector, driven by increasing demand for...

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Renewables

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BMI View : Our outlook for the South Korean renewable energy sector remains unchanged this quarter, but several recent developments in the regulatory environment pose significant risks to our...

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Shipping

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BMI View: South Korea's relatively strong Q1 2014 real GDP growth print has prompted us to upgrade our 2014 growth forecast to 3.5% from 3.0% previously. Korean exporters will continue to ride on...

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Telecommunications

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BMI View:   South Korea remains one of the best regional performers over recent years, given the rapid adoption of 3G and 4G technology by its people. Migration of customers from 3G to 4G will...

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