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 hold a positive outlook towards the long term prospects of South Korea's agricultural sector. Our positive outlook towards the sector is based on the government's decision to gradually remove...

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Autos

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Sales According to the Korea Automobile Manufacturers Association (KAMA), vehicle sales in 2013 contracted 1.9%, to 1,383,358 units. This was in line with our bearish outlook on the market, given...

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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: Although the South Korean consumer electronics is mature, meaning growth rates will be below those of emerging markets, we have a positive medium term outlook and forecast spending will...

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Defence & Security

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Despite Pyongyang calling for the creation of an atmosphere of reconciliation and unity on the Korean peninsula, Seoul has recently acted to bolster its security and defences against the North....

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Food & Drink

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BMI View: We remain cautious about South Korea's economic growth trajectory, despite stronger than expected growth in 2013 (buoyed mainly by the manufacturing and construction sectors). While we...

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Freight Transport

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Exports from South Korea totalled US$44.74bn in September 2013, a decline of 1.5% year-on-year (y-o-y). The fall has been attributed to the celebration of the Chuseok holiday during the month,...

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Information Technology

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BMI View: the South Korean IT market is one of the most developed in the region both in terms of adoption by the population and enterprises, and the local base of firms operating in the hardware,...

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Infrastructure

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BMI View: The South Korean construction sector continued to recover strongly in Q313, due primarily to a surge in activity in the residential building sector. However, we still believe that...

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Insurance

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BMI View: The competitive landscape of South Korea's insurance sector continues to be dominated by massive companies that are members of the local chaebol corporate groups. Overall, the sector...

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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 in 2013 . Neverthe le ss, market fundamentals remain strong with a rapidly ageing population...

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Metals

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South Korean metals consumption growth is set to moderate in 2014, as the country's exports of manufactured goods are hit by a global economic slowdown and an expected contraction in Europe. South...

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Mining

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BMI View: Underpinned by an abundance of untapped mineral resources and the increasing attractiveness of frontier mining, we believe South East Asia will slowly emerge to become one of the...

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Oil & Gas

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BMI View: While there are efforts to stimulate upstream oil and gas activity, there is little to suggest that South Korea can develop significant resources, meaning the country is set to remain a...

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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: We highlight that , despite challenging conditions, South Korea does offer some form of certainty given that the government has yet to initiate fresh rounds of extensive medicine...

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Power

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BMI View: The medium-term outlook for South Korea's electricity sector is positive, as stable economic and demographic growth and the government's greater focus on the sector will provide...

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Real Estate

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BMI View: After a troubling few years, we are seeing some signs of economic improvement, and while positive economic figures may not last, we note that the Bank of Korea's neutral monetary policy...

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Renewables

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BMI View : We are maintaining our short- and long-term forecasts for non-hydropower renewable energy in South Korea this quarter as our assumptions for the sector remain relevant. Growth in the...

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Shipping

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South Korea's exports witnessed a marginal contraction of 0.2% year-on-year (y-o-y) in January 2014, reversing a three-month expansion in Q4 2013 while imports performed likewise, contracting 0.9%,...

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Telecommunications

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BMI View: South Korea is one of the most advanced markets in the world and is often used as a reference point to determine the direction of other developed markets. The rapid migration of...

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