South Korea and IMF to Discuss Economic Policies in Annual Consultation.

Seoul: South Korea will hold an annual consultation session with the International Monetary Fund (IMF) this month to discuss the country's overall economic situation and policies, the finance ministry said Wednesday. An IMF delegation is scheduled to visit the country for the annual consultation from November 7-20, during which IMF officials will hold a series of meetings with the ministry, the Bank of Korea, other organizations, and private companies to discuss a wide range of economic issues, growth prospects, and relevant policy measures. According to Yonhap News Agency, the team plans to hold a press conference on November 20 to explain the results of the annual session. The IMF earlier forecasted a 2.5 percent economic growth for South Korea this year. The consultation aims to review and assess South Korea's economic strategies and provide policy advice that aligns with the global economic environment. This annual session is part of the IMF's regular practice with member countries to ensure economic sta bility and growth.