Mission to assess economic conditions, outlook and government policy
Team to visit government agencies, Bank of Korea and private firms; meeting with Deputy Prime Minister Lee planned
![Deputy Prime Minister and Minister of Economy and Finance Lee Hyung-il speaks after signing a letter of continued intent on a global AI hub and capacity-building partnership with IMF Managing Director Kristalina Georgieva at the Queen Sirikit National Convention Center in Bangkok, Thailand, on Oct. 17 (local time), on the sidelines of the IMF-World Bank Annual Meetings and the G20 and G7 finance ministers and central bank governors meetings. [Ministry of Economy and Finance]](https://wimg.heraldcorp.com/news/cms/2026/11/02/news-p.v1.20261018.519ef444712946fda695e5c96d25e23c_P1.jpg)
The International Monetary Fund will spend two weeks from Tuesday reviewing South Korea's economic conditions, outlook and overall government economic policy. The mission will visit government ministries, the Bank of Korea, policy research institutions and private companies before announcing the results of the annual consultation on Nov. 17.
The government said Sunday it will conduct the 2026 Article IV consultation with the IMF from Tuesday through Nov. 17. The annual consultation is held each year under Article IV of the IMF's Articles of Agreement to assess the economic conditions of member countries.
The five-member mission is led by Corinne Delechat. It is scheduled to visit government ministries including the Ministry of Economy and Finance, the Ministry of Planning and Budget, the Ministry of Trade, Industry and Energy, the Ministry of Science and ICT, the Ministry of Land, Infrastructure and Transport, the Ministry of Interior and Safety and the Financial Services Commission, as well as the Bank of Korea and the Financial Supervisory Service.
The team will also meet with policy research institutions — including the Korea Development Institute, the Korea Institute for Industrial Economics and Trade, and the Korea Institute of Public Finance — as well as private companies, to discuss South Korea's economic conditions, outlook and the government's broader economic policy agenda.
The mission kicks off Tuesday with a visit to the Bank of Korea, followed by the Ministry of Economy and Finance on Wednesday, the Ministry of Planning and Budget on Thursday, and the Financial Services Commission and private institutions on Friday. On Nov. 9, the team will call on the Korea Housing Finance Corporation, the Ministry of Trade, Industry and Energy and the Financial Supervisory Service. Visits to the Ministry of Land, Infrastructure and Transport, the Ministry of Science and ICT and private institutions are scheduled for Nov. 10-11, followed by interagency meetings Nov. 12-13. On Nov. 16, the mission will meet with the Bank of Korea governor.
On the final day, Nov. 17, the mission will hold talks with Deputy Prime Minister Lee Hyung-il. Later that afternoon, the team will hold a press conference with consecutive interpretation at Government Complex Seoul at 3 p.m. to present the findings of the consultation.
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