East Asian Economic Review Vol.29, No.1 (March 2025)

1. Analysis of Artificial Intelligence Exposure Across Industries in South Korea and the United States 2. The Drivers of Inflation in Korea: Insights from a Small Open DSGE Model 3. The Heterogeneous Effects of Trade Facilitation on Trade in Intermediate Goods: The Case of Korea, China, and Japan

Korea Institute for International Economic Policy

2025.03.30

KDI Journal of Economic Policy, February 2025

Exploring Revenue Trends in Alley Commercial Areas in Seoul, Korea† HONGJAI RHEE (pp.1-17) The Impact of External Uncertainty Shocks on the Korean Economy† JUNHYONG KIM (pp.19-66) Structural Reforms to Enhance the Sustainability and Intergenerational Equity of the National Pension System† KANG KOO LEE (pp.67-94) Financial Projection of the Basic Pension under Selective Eligibility Criteria† DOHUN KIM (pp.95-134)

Korea Development Institute

2025.02.28

The Re-Emergence of Trump and Inter-Korean Relations

Inter-Korean Relations: From Stalemate to Deadlock Pyongyang’s Strategic Calculations U.S.-DPRK Relations and Their Implications for Inter-Korean Dynamics Policy Recommendations for South Korea

Korea Institute for National Unification

2025.03.04

Potential Growth of Korea and Its Outlook

This paper estimates the potential growth of the Korean economy, taking into account the impact of the COVID-19 pandemic, demographic shifts, and structural changes in the labor market. Specifically, we revise our semi-structural models to reflect the increased volatility of macroeconomic variables during the pandemic. We also use household-level microdata to account for the heterogeneity of the labor force.

Bank of Korea

2025.04.03

Impact of Climate Change Risk on the Real Economy: Climate Action Scenario Analysis

This paper examines the impact of climate change risk on Korea's real economy. The results show that climate change risk exerts a negative effect on the economy over a long period of time. The transition risk from carbon pricing policies increases up to 2050 and then subsides gradually. In contrast, the physical risk caused by climate change damage increases sharply toward 2100 if policy responses are absent or delayed.

Bank of Korea

2025.03.20

Economic Bulletin, April 2025

In January, industrial production, services production, facilities investment, construction investment, and retail sales decreased. In February, the economy experienced an increase in the number of jobs and consumer prices continued to moderate. In January, total production (down 2.7% m-o-m and down 3.5% y-o-y) fell, as industrial production (down 2.3% m-o-m and down 4.1% y-o-y), services production (down 0.8% m-o-m and down 0.9% y-o-y), construction (down 4.3% m-o-m and down 27.3% y-o-y) decreased. In January, retail sales (down 0.6% m-o-m and 0.0% y-o-y), facilities investment (down 14.2% m-o-m and down 3.1% y-o-y), and construction investment (down 4.3% m-o-m and down 27.3% y-o-y) decreased. In February, exports rose 1.0 percent from a year ago due to the increased working days. Average daily exports declined 5.9 percent compared to the previous year.

Ministry of Economy and Finance

2025.04.01

Medical Korea 2025: AI-Powered Personalized Healthcare Integrating into Our Daily Lives

TheMinistry of Health and Welfare(MOHW, Minister Cho KyooHong) will hostMedical Korea 2025, organized by theKorea Health Industry Development Institute(KHIDI, President Cha SoonDo), fromThursday, March 20toSunday, March 23, at COEX, Seoul. Since its inception in 2010, Medical Korea has grown into a leading global healthcare and medical tourism conference, celebrating its 15th edition this year*. The event serves as aplatform for knowledge exchange, where healthcare experts from around the world engage in lectures and discussions to explore thelatest trends shaping the global healthcare landscape. It also acts as a keychannel for fostering international collaborationin the healthcare industry, including patient attraction and the overseas expansion of medical institutions.

Ministry of health and welfare of South Korea

2025.03.19

High Satisfaction Reported for the National Mental Wellness Support Program: Overall Score of 89.8,

Since its launch on July 1, 2024, the National Mental Wellness Support Program has been implemented to care for the mental health of all citizens by providingprofessional, dialogue-based psychological counseling services to those experiencing emotional difficulties such as depression and anxiety. To date,1,474 counseling institutions and 6,770 certified mental health professionals(including those with multiple certifications) have registered with the program. Since service applications opened on July 1, 2024, a total of78,982 individuals have applied, resulting in373,203 psychological counseling sessions providedas of April 14, 2025.

Ministry of Health and Welfare of South Korea

2025.04.21

Workers' Perceptions of Hazardous Work Environments After Miscarriage or Stillbirth and Policy Challenges

Although many female workers experience miscarriage or stillbirth in the workplace, only a very small number of cases are recognized as industrial accidents. Despite the laws and systems designed to prevent miscarriage and stillbirth and to provide protection and support, they often fail to function effectively in labor settings, and discrimination and inequality persis depending on worker characteristics.

Korean Women's Development Institute

2025.04.23

Vital Statistics in January 2025

□ The number of live births was 23,947 persons in January, rising by 11.6% year-on-year. □ The number of deaths was 39,473 persons in January, going up by 21.9% year-on-year. □ The number of marriages was 20,153 cases in January, rising by 0.7% year-on-year. □ The number of divorces was 6,922 cases in January, dropping by 12.8% year-on-year. □ The natural increase (Live births - Deaths) marked a negative figure of -15,526 persons. ※ For more information, refer to the attached file.

Statistics Korea

2025.03.26

Economically Active Population Survey in March 2025

[Economically active population and labor force participation rate] ◦ The economically active population marked 29.507 million persons in March, which grew 220 thousand persons or 0.8% year-on-year. ◦ The labor force participation rate stood at 64.6% in March, up 0.3%p year-on-year. [Employed persons and employment to population ratio] ◦ The number of employed persons totaled 28.589 million persons in March, which went up 193 thousand persons or 0.7% year-on-year. ◦ The employment to population ratio recorded 62.5% in March, up 0.1%p year-on-year. [Unemployed persons and unemployment rate] ◦ The number of unemployed persons totaled 918 thousand people in March, which increased 26 thousand persons or 3.0% year-on-year. ◦ The unemployment rate marked 3.1% in March, up 0.1%p year-on-year.

Statistics Korea

2025.04.09