Park Geun-hye of the ruling Saenuri Party will retain her position as president until her term ends in 2017. The political scene will increasingly become dominated by the search for a 2017 presidential candidate.
Based on consolidated expenditure and revenue numbers (which include social security funds), The Economist Intelligence Unit expects the country to post small budget surpluses throughout 2015-19.
The average rate of consumer price inflation will accelerate to 2% in 2015, from an estimated 1.5% in 2014, but will remain below the medium-term target range of 2.5-3.5% set by the BOK.

Highlights 7

Political outlook 8

Economic policy outlook 10

Economic forecast 11

Annual data and forecast 16

Quarterly data 17

Monthly data 18

Annual trends charts 20

Quarterly trends charts 21

Monthly trends charts 22

Comparative economic indicators 23

Basic data 24

Political structure 25

Politics 26

Economy 39

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