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South Korea upgrades its third-quarter economic growth rate, boosting expectations for a sustainable recovery and perhaps an interest-rate hike early next year.
Dec. 4 (Bloomberg) -- South Korea’s economy expanded at a faster pace than initially estimated in the third quarter, boosted by rising overseas orders for cars and semiconductors plus local spending by consumers and companies.
SEOUL, South Korea - South Korea's economy expanded 3.2 percent in the third quarter, the central bank said Friday, a better performance than initially estimated amid stronger growth in manufacturing, exports and services.
(RTTNews) - South Korea's gross domestic product expanded by a revised, seasonally adjusted 3.2 percent compared to the previous three months, the Bank of Korea said on Friday, growing for the third consecutive quarter.
(RTTNews) - South Korea's gross domestic product expanded by a revised, seasonally adjusted 3.2 percent compared to the previous three months, the Ministry of Knowledge Economy said on Friday.
Raytheon has been awarded a $17.2 million contract to help upgrade South Korea's Patriot Air and Missile Defense System.
After making solid gains in 2009, South Korean automakers Hyundai and Kia are predicting more gains in market share in 2010 as they roll out more new vehicles.
(RTTNews) - South Korea's service industry activity index rose 1.5% year-on-year in October, slowing from the 4.5% growth in the previous month, the National Statistical Office reported on Tuesday.
South Korea's Unification Ministry dismissed rumors Tuesday that North Korean leader Kim Jong-il had been attacked and killed, which prompted financial markets to slide briefly in what one analyst said was a reflection of fragile sentiment.
South Korea threatened Tuesday to crack down on a strike by railway workers, with the government saying the walkout could harm the country's recovering economy.
(RTTNews) - South Korea's foreign exchange reserves stood at $270.89 billion as of the end of November, up from $264.19 billion in the previous month, the Bank of Korea reported on Wednesday.
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