The KABC Hybrid Korea Business Forum

The World in Recession – How will Korea fare?

8.00am – 10.00am Thursday 19 January 2023 at the Sansoo Room, LL, Grand Hyatt Seoul and Online Seminar Room (Zoom)

Dear member,

We have had global crises – Asian Crisis, GFC, Pandemic but we have not actually had a global recession since 1991 unrelated to a particular crisis. According to the World Bank, the world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009. The first three were caused by oil shocks, and the latter by the collapse of aspects of the financial system.

So there is no precise guidelines on how the Korean economy will be affected in 2023 nor how the domestic economy will perform.

Recession 2023 is a reduction in world demand in the world’s primary economic centres, the EU and US and in about 42 other countries where central banks have raised interest rates. The third centre China is more problematic. China has not raised interest rates and neither has Japan. But China is in trouble emerging from Covid and when it does recover, we may get a rerun of surges of demand and problems with logistics.

Our session will look at the prospects for Korea under a variety of scenarios including; new shocks, no recovery, partial recovery and early China recovery.  We face other complications in that the President wishes to spend less money that his predecessor, and to reform labour, pensions and education while boosting the real estate market, against an opposition controlled National Assembly – this adds an additional dimension to each scenario.

Our current core projection is 1.7% for the year with the second half stronger than the first.

Join us on January 19th at the Hyatt Hotel or on line to discuss all these possibilities. The provisional programme for the year is on line at Provisional Korea Business Forum Programme 2023 – KABC Ltd. As usual we shall be asking members’ opinion and suggestions and this will result in appropriate modifications

Yours sincerely

Tony Michell Ph.D
Managing Director, KABC Ltd.

Registration

    Name *:

    Position:

    Company:

    Email address* :

    Mobile Phone :

    Promotion code :

    Agreement* :

    Confirmed

    ​I agree to the below collection and use policy of personal information.

    [Personal information collection and use policy]

    1. Types of personal information collected and purpose of use
    The types of personal information collected through this page and the purpose of use are as follows.
    1) Types of personal information to be collected: name, e-mail address
    2) Purpose of use of collected personal information: Information on Korea Business Forum and related events through e-mail, and delivery of related information

    2. Processing and retention period of personal information
    1) The Korea Business Forum retains and processes personal information within the period of retention and use of personal information agreed upon when collecting personal information from the information subject, or the retention and use period of personal information in accordance with laws and regulations.
    2) The retention period of the collected personal information is until the business processing specified in the purpose of use is completed, and the collected personal information is destroyed as soon as the business processing is completed.

    * Required

    Published On: January 5th, 2023 / Categories: Event, Korea Business Forum /

    The organisation that anticipates change and is always ready

    We are always awake, quickly understands information, and always thinks about and prepares strategies to respond to it.

    Consulting

    KABC has extensive experience in strategic studies, change management, and mergers and acquisitions.

    Learn more

    Research

    We regard ourselves as masters of Korean statistics which comes from macroeconomic as well as microeconomic work.

    Learn more

    Infoservice

    KABC provides information services to foreign companies operating in Korea and foreign governments in Korea.

    Learn more

    Event

    KABC provides information services to foreign companies operating in Korea and foreign governments in Korea.

    Learn more

    Related Posts