Private consumption was forecast to rise 2.3 percent in 2013 and 3.4 percent in 2014, as the South Korean won's appreciation against the Japanese yen will enhance consumers' real purchasing power.
Exports, which account for around half of the South Korean economy, were expected to increase 6.4 percent this year before advancing 8.4 percent next year.
Consumer price inflation was estimated at 1.8 percent in 2013 and 2.6 percent in 2014, while the jobless rate was forecast to stay at a low level of 3.3 percent in 2013 and 3.2 percent in 2014.