South Korea: Perspectives, Trends and Insights

Peter Drysdale
Adam Triggs
JEL codes: 

Next year marks two important anniversaries: the 20th straight-year of economic growth in South Korea and the 55th anniversary of diplomatic relations between Australia and South Korea. By any standard, South Korea has achieved a remarkable track record of economic performance. The paper examines the positive outlook for the South Korean economy, its growing importance in the Asia Pacific region, its strong environment for trade and investment, the growing appeal of its financial markets and some of the key structural challenges and geopolitical risks it faces. It then explores the deepening integration between the Australian and South Korean economies, the benefits of the Korea-Australia Free Trade Agreement and the sectors and markets which are profiting most from this deepening relationship.