Forecasts are pointing out that the South Korean economy will continue to post low growth next year.
 
Among projections laid out by the finance ministry and key institutions, the Seoul government's forecast is the highest at three-point-three percent in next year's growth while investment bank Morgan Stanley has the lowest outlook of two-point-two percent.
 
The Bank of Korea and the International Monetary Fund predict the South Korean economy will grow three-point-two percent in 2016.
 
The Organisation for Economic Cooperation and Development, the Korea Development Institute and the Korea Institute of Finance project growth in the three percent range.
 
The Korea Economic Research Institute and private think tanks the Hyundai Research Institute and the LG Economic Research Institute offer lower outlooks in the upper two percent range.
 
Meanwhile, global investment banks BNP Paribas, Citibank, Nomura and Deutsche Bank also forecast two percent range growth for the Korean economy.
 
The average growth forecast presented by 19 agencies is tallied at two-point-nine percent.