"The latter half of this year is an important inflection point which will show the potential of the Korean economy as it recovers from difficulties," President Yoon Suk Yeol said after being briefed on the measures. The ministry initially suggested that the Korean economy would see a rebound in mid-2023, but the new forecast has dialed it back to a slow recovery in the second half, followed by more growth next year. The gross domestic product growth forecast was cut from the previous 1.6 percent to 1.4 percent. The revision came as the Finance Ministry and other related ministries announced economic policy measures for second half of this year. TER (Total Expense Ratio): varies depending on size of investment – maximum 0.The Korean government revised down its economic growth rate projection to 1.4 percent on Tuesday, as the exports sector struggles to rebound, delaying the economy's recovery to next year.Maximum charges associated with the Global Bond Index Fund are: Global Bond Index Fund is managed by State Street Global Advisors, the world’s largest index asset manager. It is suitable for risk averse investors seeking to achieve stable, long-term returns while avoid any exposure to foreign equities.
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