South Korea’s economy expected to grow 2.3% in 2013

By bne IntelliNews April 5, 2013

South Korea’s economy is likely to grow 2.3% this year, due to the decline in exports, resulting from low global demand and a weaker yen. As reported by Associated Press Newswires, the Finance Ministry is expected to promote economic recovery by implementing a stimulus plan and spending above 60% of the annual budget during the first half of the year. The nation is likely to create about 250,000 new jobs during the period, while the current account surplus is expected to register USD 29bn.

Related Articles

Rosneft-led acquisition of India's Essar completed, says CEO Sechin

The acquisition of India's Essar Oil led by Russian oil major Rosneft can be “considered done”, the state-controlled company’s CEO Igor Sechin said at the annual shareholder meeting on June 22, ... more

Vietnam’s textile and garment exports to South Korea records USD 1.64bn in 2013

Vietnam’s textile and garment exports to South Korea expanded 53.5% y/y recording USD 1.64bn last year, while the nation overall exports to South Korea accelerated 18.9% y/y posting USD 6.6bn. The ... more

Vietnam, Kazakhstan to boost investment cooperation

Vietnam’s trade with Kazakhstan expanded USD 221.8mn during first eleven months last year. According to Erbolat Dossaev, Kazakh Minister of Economy and Budget Planning, Vietnam’s exports to ... more