South Korea will increase its economic outlook announcements from two to three a year starting in 2027, the first change to the schedule in 32 years. Deputy Prime Minister and Finance Minister Lee Hyoung-il said the revised system will allow the government to update forecasts and respond more promptly to changing domestic and international conditions, including shifts in international oil prices and the won's exchange rate. The government will end its separate second-half economic growth strategy and instead announce supplementary policy measures alongside revised forecasts. The 2027 Economic Growth Strategy is due in December and will focus on reducing polarization and raising the potential growth rate, with broader measures covering housing, jobs and financial support for low- and middle-income households. Lee said current-year growth could reach 3.4% to 3.6%, above the government's July projection of 3.0%, while flagship initiatives including three megaprojects would support growth momentum.