BMI View: Our forecasts for South Korea's two main ports anticipate positive growth in 2016, although
these figures will post a slight drop on our estimated figures for 2015. Box growth at the Port of Incheon
will be the annual outperformer, at 9.7% growth, although o ..."
BMI View: Our forecasts for the two main ports in South Korea remain unchanged for 2015 and continue
to echo the concerns surrounding the slowing of Chinese growth, as well as slackening demand among
other key export partners of late. The outperformer in tonnage terms ..."
BMI View: Our forecasts for Busan and Incheon, South Korea's two largest ports, reflect our concerns over
a strengthening won, a slowdown in Chinese growth and uncertain demand among other key export
partners. We have downgraded our forecasts for 2015 relative to 2014 ..."
Our expectations for continued weakness in South Korea's economy following Q414 figures have prompted
us to revise our forecast for real GDP growth in 2015 downwards from 3.5% to 3.1%, but we are sticking to
our shipping forecasts for the same period from last quarter ..."
Exports are forecast to grow by just over 6% in 2015, down on the double-digit growth of 2014 (10.48%)
which, nonetheless, should prove a boost to the country's shipping industry. In 2015, we expect to see a
broadly similar situation as 12 months previous, with the Po ..."
BMI View: South Korea's relatively strong Q1 2014 real GDP growth print has prompted us to upgrade
our 2014 growth forecast to 3.5% from 3.0% previously. Korean exporters will continue to ride on the
economic recovery in the developed markets for now while a recovery ..."
South Korea's exports witnessed a marginal contraction of 0.2% year-on-year (y-o-y) in January 2014,
reversing a three-month expansion in Q4 2013 while imports performed likewise, contracting 0.9%,
according to official customs data. That said, we are not concerned wi ..."
BMI Industry View
We reiterate our cautious expectations towards South Korea's economic growth prospects, this time from a
sectoral perspective. Korean semiconductor manufacturers will have to constantly innovate and invest in
R&D in order to maintain its compet ..."
Heading into the tail end of 2013, in terms of relative performance, South Korea stands out as particularly
vulnerable from a regional perspective, in our view. Aside from the obvious China susceptibility, the
country faces myriad domestic problems, particularly in te ..."
South Korea's Finance Ministry announced in April 2013 that the government was on track towards a 'major
easing' of investment regulations in the coming days, according to Bloomberg News. This news came as the
country had to grapple with not just slowing global econom ..."