Easing the threshold for foreign omnibus accounts, IMF Korean growth 2.6%
South Korea has eased regulations on foreign omnibus accounts. The IMF put South Korea’s growth rate this year at 2.6%, while automakers such as Geely recorded global sales of 142 million vehicles in the first half. Korea Western Power agreed to jointly develop the Taean offshore wind project, with a capacity of 500 MW, with a global company.
South Korea has eased regulations on foreign omnibus accounts. Market interest has grown as the move changes how foreign investors access accounts.
The measure was 2026-07-08 made public. The specific implementation date and detailed requirements can be confirmed in the relevant notice.
The International Monetary Fund (IMF) put its forecast for South Korea’s growth rate this year at 2.6%. The IMF said that, at the same time, it had lowered its global growth forecast but raised its forecast for South Korea.
Automakers posted their best-ever performance in global sales in the first half. First-half sales totaled 142ten-thousand units, and Geely showed particularly strong growth.
Korea Western Power is pursuing the joint development of an offshore wind farm in Taean with a global company, with a capacity of 500MW. The project was described as being among the largest of its kind in South Korea.
The Social Value Research Institute announced that it would establish global standards for measuring social value together with SK Telecom and SoftBank. The collaboration announcement was made 2026-07-09.
The Bank of Korea said it detected 41counterfeit banknotes in the first half. This was 21fewer notes than in the same period a year earlier.