Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves 
Asian Currencies Stay Rangebound as Yen Firms on Intervention Talk 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Oil Prices Slip as U.S.-Iran Talks Ease Middle East Tensions 
South Korea is projected to recover faster compared to other countries that were also battered by the COVID-19 pandemic. Based on the prediction, the country will be able to rise up again at a faster rate this year.
Mainly, South Korea was named as the fastest country to recover because it has systematically dealt with the pandemic crisis. Its swift response to the situation is another reason why the region will be able to get its economy back up and running smoothly as before.
But of course, the demand for advanced technology worldwide will also help South Korea to regain back its high status when it comes to economic health. The region is a known hub for technology, so it starts to trade again in the international markets, businesses will eventually rebound, and the economy will grow.
Experts revealed opinions on SoKor’s economic recovery in 2021
The Korea Times also interviewed experts to give their views on how they see South Korea’s economy will develop this year. Sohn Sung Won, a professor of economics at Loyola Marymount University, believes that South Korea will get back its healthy economic status before the coronavirus pandemic struck the country at a faster pace.
"The Korean economy will show the quickest return to the pre-pandemic peak among OECD countries," he said. "After contracting about 1 percent in 2020, the Korean economy should grow by 3 percent or more in 2021."
He added that his positive outlook stemmed from the fact that he thinks there will be an increase in demand for South Korean-made electronic goods, semiconductors, and advanced healthcare items.
Christian de Guzman, VP and senior credit officer at Moody's, a company that provides services in the area of credit ratings, research, and analysis for the global capital markets, also think that the country will go back to its booming economy level in no time.
"We see Korea returning to its 2019 levels of real GDP before all other G20 advanced economies, a group that includes the U.S., euro area, Japan, Canada and Australia," De Guzman stated.
Korea’s stock market
It appears that the prediction is correct as Asia Times reported that the stock market of South Korea at the end of 2020 showed high record marks. Apparently, the country’s economy already started to pick up even before the new year starts.
It was revealed that the strongest business that pushed the stock market to rise was the tech sector. The other business sects are also expected to recover slowly and help South Korea’s economy to recover quickly.
