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Related News and Articles
Korea In Focus - Trade headwinds
Economic growth is set to slow to +2.2% in 2019 (after +2.7% in 2018). The first half of the year has been tough for the South Korean economy. Weak global trade growth and lingering trade uncertainties have impacted the country through lower exports and lower investment growth. We expect economic growth to pick up some speed in the second half of the year, supported by expansionary policies.
Macro-policies: The benefits of having buffers
Macro-policies have been appropriate so far and have helped the economy build some buffers to fight back in case of a downturn. The BOK was one of the first central banks in Asia to raise its policy rate in 2017. And the institution pursued its tightening cycle in 2018. The reasons behind this move were a relatively firm economic growth and inflation outlook, the need for reducing household debt (100% of GDP) and a continued tightening cycle in the US.
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Our aim is to help businesses become successful. Our knowledge of industries, companies and countries will help you make the right decisions and avoid risks. We offer efficient solutions for all situations, even when the business climate is challenging, working to protect your business and safeguard your corporate financial health. We provide credit insurance and other services for risk management when you trade at home or overseas. We help you collect your debts with services tailored to your needs. We provide surety to reassure business partners your contractual obligations will be met. Our proprietary data helps you select the best companies to trade with and the right terms to offer them. We examine and monitor possible credit threats to your business. Our objective is to help you avoid financial losses and fully understand the financial stability of your business partners. When you have a payment default, we manage claims to give you confidence and peace of mind, so that you can focus on developing your business.