South Korea Economy 2024. The economic recovery was underpinned by a jump in exports amid robust demand for semiconductors, cars and ships, surging 22.4 per cent year on year in the. The korean economy is expected to record a 2.2% growth rate in 2024, in line with previous projections, as domestic demand is subdued with decelerating.

Korea’s economy will grow 2.3 percent this year, upped from the previous prediction of 2.2 percent in october last year, according to the imf’s january 2024. Economic growth will bounce back in 2024, on the back of rebounding external demand and growing private consumption.