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Lukewarm Private Consumption Drags Down South Korea’s Economic Recovery

SEJONG, Oct. 13 (Korea Bizwire) – South Korea’s economic recovery momentum remains feeble as weak domestic demand such as private consumption offset strong overseas sales, a government report said Friday. “The South Korean economy has been maintaining an upturn pace on the back of brisk exports and recovering global demand, but domestic consumption has remained [...]

Korea’s Economic Indicators Show Signs of Recovery

SEJONG, May 12 (Korea Bizwire) — South Korea’s major economic indicators are showing signs of slow improvement, signaling the economy is pulling out of a funk during the fourth quarter of last year, the finance ministry said Tuesday. The ministry, however, cautioned that Asia’s fourth-largest economy remains gripped by such external uncertainties as a weak Japanese [...]