S&P Raises S. Korea’s Growth Outlook to 2.8 % This Year on Global Recovery

SEOUL, Jan. 24 (Korea Bizwire) – Global rating agency Standard & Poor’s said Wednesday it has raised the outlook for South Korea’s growth rate to 2.8 percent this year from its previous forecast of 2.55 percent, citing the global economic recovery and rising exports of South Korean goods. The Bank of Korea (BOK) said last week that South Korea’s gross [...]