Get Daily Updates
My HanCinema | Sign up, Why ? Your E-mail   Password    Auto| Help
HanCinema :: The Korean Movie and Drama Database, discover the South Korean cinema and drama diversity Contact HanCinema HanCinema on TwitterFaceBook HanCinema PageHanCinema on Twitter

Korea's Economic Growth Hits 7-Year High

2017/10/29 Source

Korea's economy grew at the fastest clip in more than seven years in the third quarter of this year at 1.4 percent thanks to strong exports aided by pump-priming measures.

The figures have prompted economists to project three-percent growth for the whole year and predict that the Bank of Korea will raise the key interest rate before the end of the year.

The central bank on Thursday said third-quarter GDP stood at W392.7 trillion, up 1.4 percent from the previous quarter. That was the highest growth since the second quarter of 2010.

On-year the economy grew 3.6 percent, the highest since the first quarter of 2014. The growth was partly due to exporters speeding up shipments of products ahead of the 10-day Chuseok or Korean Thanksgiving break early this month.

Exports rose 6.1 percent from the previous quarter. That brings the government's goal of achieving three-percent growth this year within reach as cumulative growth in the first three quarters of this year already stands at 3.1 percent.

Source :

Copy & paste guideline for this article
Always put a link back to the source and HanCinema permalink

Creative Commons License"Korea's Economic Growth Hits 7-Year High"
by HanCinema is licensed under a Creative Commons Attribution-Share Alike 3.0 Unported License.
Based on a work from this source

Attention You're reading the news with potential spoilers, make them spoiler free, dismiss



 Previous news

Subscribe to HanCinema Pure to remove ads from the website (not for episode and movie videos) for US$0.99 monthly or US$7.99 yearly (you can cancel anytime). The first step is to be a member, please click here : Sign up, then a subscribe button will show up.


Remove ads

Sign up




Visible, hide
HanCinema YouTube | Subscribe