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South Korea Economy

A cargo ship loads and unloads foreign trade containers at Busan Newport in Busan, South Korea, on July 23, 2025. The Asian Development Bank (ADB) sharply revises down its economic growth forecast for South Korea this year to 0.8 percent, the finance ministry says Wednesday. The latest projection marks a 0.7 percentage-point drop from the ADB's previous forecast released in April, according to the ministry, citing the latest report by the Manila-based bank. (Photo by Seung-il Ryu/NurPhoto)

Photo ID	#12576542
Date Taken	19 July 2025
Location	N/A
Photographer	Seung-il Ryu/NurPhoto
Category	Economy, Business and Finance
Copyright	© 2026 NurPhoto - Seung-il Ryu/NurPhoto

Trade Economy Cargo Port Container Loading Unloading Busan Busan South Korea cargo ship loading unloading foreign trade containers Busan Newport Asian Development Bank ADB economic growth forecast finance ministry 0.8 percent projection 0.7 percentage-point drop previous forecast April Manila-based bank report Seung-il Ryu NurPhoto 2025 July 23 revised economic outlook trade maritime shipping South Korean economy finance economic projection international trade economic report container port economic analysis.