[May 14, 2018] [ The Korea Herald]
A report released last week by the National Assembly Budget Office warned that if the interest rate gap widened to as large as 1 percentage point, the fallout could be consequential. It indicated Korea suffered a net capital outflow of 8.2 trillion won from the local stock and bond markets between May and July 2006, when the rate gap between the country and the US was 1 percentage point. This...
[May 11, 2018] [ Yonhap News]
"Should the interest rate difference hover below 0.5 percentage point, its side effects may be limited in light of past experiences," said the report by the National Assembly Budget Office. "But the fallout could snowball if the gap widens as large as 1 percentage point."
[April 09, 2018] [The Korea Herald ]
The further appreciation of the won “will likely serve as a factor to help increase investment in facilities and consumption in the private sector through falling prices of imported goods,” said the report from the National Assembly Budget Office.
[January 18, 2018] [ The Korea Herald]
According to a study by the National Assembly Budget Office, its national debt expanded by an annual average of 11.5 percent for 2010-2015, far faster than the OECD average of 7.3 percent.
[December 18, 2017] [ Yonhap News]
The figure ranks 27th among the 35 member nations of the Organization for Economic Cooperation and Development, and six major emerging nations, including Brazil, Russia, India and China.
[November 06, 2017] [ The Korea Herald]
According to figures from the National Assembly Budget Office, households accounted for 62 percent of gross national income last year, down from the 72.1 percent in 1990.
[August 16, 2017] [ The Korea Herald]
According to a report by the National Assembly Budget Office, 26 OECD members levy a uniform corporate tax rate, with only two members -- the US and Portugal -- applying rates at more than four different levels.
[July 27, 2017] [ Yonhap News]
Under the proposed tax rate hikes, the government will collect 4.8 trillion won in additional income tax revenues and 10.8 trillion won in extra corporate tax revenues between 2018 and 2022, according to the report by the National Assembly Budget Office.
[July 06, 2017] [ Korea JoongAng Daily]
A study by the National Assembly Budget Office also confirmed the limited effect of fiscal spending on the employment situation. An increase of 1 trillion won in budgetary spending added gross domestic product of 800 billion won in 2014, 650 billion won in 2015 and 2016 and an estimated 560 billion won in 2017. The pattern is obvious.
[May 28, 2017] [ Arirang TV]
Seoul does not belong on the list of countries the U.S. calls currency manipulators. That's based on a report by South Korea's National Assembly Budget Office which calculated a real exchange rate by looking carefully at data like productivity, terms of trade, overseas assets, and risk premiums over the past 15 years from Q1 of 2002.