[central Bank of Korea again lowered South Korea's economic growth forecast for 2023 to 1.4%] May 25, the Central Bank of Korea announced that the latest South Korean economic growth forecast for 2023 was again lowered to 1.4% from the previous 1.6%. Since the beginning of this year, as South Korea's main export products, such as the sharp decline in semiconductor exports and other factors continue to ferment, South Korea's economy has encountered multiple challenges such as a decline in exports and a growing foreign trade deficit. Various institutions, including the World Bank, the Bank of Korea, and private think tanks, have lowered South Korea's economic growth forecasts for this year.