AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
BANK OF KOREA RETAINS Q2 GROWTH RATE OF 5.3 PCT.
SEOUL, Sept 1 Asia Pulse - South Korea's central bank said on Friday that South Korea's economy grew 5.3 per cent in the second quarter from a year earlier, matching initial estimates.
The economy expanded 0.8 per cent in the April-June period from three months earlier, the slowest pace since the first quarter of 2005, according to the Bank of Korea. Those are the same rates as forecasted in late July when the bank announced advance growth estimates.
GDP, the broadest measure of an economy's performance, is the total value of goods and services produced within the economy in a given period.
The new data showed that the manufacturing sector posted a faster growth rate than the bank's initial estimate, while the agricultural sector recorded a fall.
Manufacturing grew 9.3 per cent in ...
- South Korea to raise military spending to 3 per cent of GDP by 2015.
- News wire article from: Asia Africa Intelligence Wire October 27, 2005 700+ words
...Yonhap Seoul, 27 October: South Korea will sharply raise its military spending to 3.0 per cent of its gross domestic product...cent in 2010, 3.0 per cent in 2015 and 2.3 per cent in 2020. South Korea's annual military budget...
- South Korea expects 5 per cent economic growth in 2006.
- Newspaper article from: BBC Monitoring International Reports December 28, 2005 700+ words
...Consumer prices will gain around 3 per cent next year, compared to 2.7 per cent rise in 2005 and 3 per cent increase in 2004. The country will likely...said. The price of Dubai crude oil, South Korea's benchmark, will likely average 54...
- Trade volume between North, South Korea up 13 per cent.
- News wire article from: Asia Africa Intelligence Wire December 9, 2004 700+ words
...the economic front, South Korea's gross domestic...GDP) rose 3.1 per cent year-on-year in...up from 1.2 per cent a year ago, according to the data. South Korea's gross national income rose 10.7 per cent to 606.1bn US dollars...
- South Korea: Central bank cuts key rate to 4 per cent.
- Newspaper article from: BBC Monitoring International Reports November 7, 2008 700+ words
...growth slowed to 4.8 per cent on-year in October as oil...range of 2.5-3.5 per cent for the 11th straight month. Experts say South Korea's recent currency swap deal...won has dipped about 30 per cent against the greenback so far...
- South Korea's central bank cuts key interest rate to 2.5 per cent.
- Newspaper article from: BBC Monitoring International Reports January 9, 2009 700+ words
...December to a range of zero to 0.25 per cent from one per cent, marking the lowest level in history...largest economy. Exports, the mainstay of South Korea's economic growth, tumbled 17.4 per cent in December from a year earlier after...
- South Korea's exports plunge record 32.8 per cent in January.
- Newspaper article from: BBC Monitoring International Reports February 2, 2009 700+ words
...SEOUL, Feb. 2 (Yonhap) - South Korea's exports plunged a record 32.8 per cent in January from a year earlier...likely to contract 2.8 per cent in 2009 from a gain of more than 4 per cent last year. South Korea, which relies heavily on...
- South Korea's share of US troops' cost to rise by 6.6 per cent in 2007.
- Newspaper article from: BBC Monitoring International Reports December 6, 2006 700+ words
...Seoul, 6 December: South Korea and the United States...here by 6.6 per cent in 2007, the Foreign...also calls for South Korea to hike its contribution...financial capability. South Korea began directly contributing...contributions by 8.9 per cent to 680.4bn won...
- South Korea's central bank freezes key rate at 2 per cent.
- Newspaper article from: BBC Monitoring International Reports April 9, 2009 700+ words
...earlier, easing from a 25.5 per cent on-year fall the previous month. Production gained 6.8 per cent on-month in February after posting a 1.6 per cent advance in January. South Korea's trade surplus reached a record...
- South Korea's industrial output sinks 10.6 per cent in March.
- Newspaper article from: BBC Monitoring International Reports April 30, 2009 700+ words
...April 30 (Yonhap) - South Korea's industrial output...sectors shrank 10.6 per cent last month from a year...product grew 0.1 per cent during the first quarter...GDP plunged 5.1 per cent. Business sentiment...corporate optimism. South Korea's economy is expected...
- South Korea to provide 95 per cent of US forces relocation budget.
- News wire article from: Asia Africa Intelligence Wire October 5, 2004 700+ words
...Reports) Seoul, 5 October: South Korea has to cover 95 per cent of a 4.9bn US dollars plan...relocation of 34,000 US troops in South Korea will cost 4.9bn dollars...41 major military camps in South Korea by 2011 and return them to...
Source: HighBeam Research, BANK OF KOREA RETAINS Q2 GROWTH RATE OF 5.3 PCT.