The Korean government's policy changes and the central bank's key rate cut are all aimed at generating momentum for Korea's economic recovery, but most indicators are still pointing to a slowing economy.
Some fear Korea will log a sixth consecutive zero-percent range growth in the first quarter of this year.
Song Ji-sun has more.
It's barely managing to hover above zero.
The Korean economy is likely to log another zero-percent range growth for a sixth straight quarter -- inching closer to a nine-quarter record logged between 2011 and 2013.
Oil prices may be cheap but domestic consumption is not catching up... and real economic indicators are showing the tell-tale signs of a slowing economy.
Mining and manufacturing production shrunk at the fastest rate in six years in January... and consumer inflation is also hovering at the zero-percent range for the third straight month.
If the first quarter marks expansion of less than one-percent,... the Korean economy is likely to settle in the low three percent growth range for the whole of 2015.
Foreign investment banks have already revised their outlook downward... with some predicting growth in the two percent range.
Domestic research institutes are also reportedly ready to adjust their figures.
After slashing the key interest rate to an all-time-low of one-point-seven-five percent last week,... Korea's central bank also hinted that its three-point-four percent growth outlook will be downgraded... in its next forecast in April.
Song Ji-sun, Arirang News.