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:
SOUTH KOREAN ECONOMY GROWS 5.3 PCT ON-YEAR IN Q2: BOK.
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 an initial estimate.
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 forecast in late July when the bank announced the advance growth estimate.
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 the second quarter from a year earlier, compared with a 9-percent expansion forecast in late July, while agriculture shrunk 1.5 per cent, compared with a 0.5 percent rise forecast earlier.
The bank retained growth estimates for private spending, which expanded 4.4 per cent on-year.
Corporate capital spending, on the other hand, rose a slower-than-expected 7.4 per cent, while construction investment fell 3.9 per cent. Goods exports and goods imports each rose 16.2 percent and 14.3 per cent, respectively.
- CHINA, SOUTH KOREA TRADE INCREASES 800 PER CENT IN PAST DECADE.
- News wire article from: AsiaPulse News July 7, 2003 700+ words
...made by a China-South Korea joint venture...Since China and South Korea established diplomatic...by nearly 800 per cent by 2002. Statistics...climbed 44.5 per cent to US$22.74 billion...worth of goods to South Korea while imports from...
- South Korea erratic growth pattern continues: last year was a good year overall...
- Magazine article from: Asia Image January 1, 2009 700+ words
...Communications projects 4-5 per cent growth in ad spend, up to between...mark in 2005--up 27.7 per cent year-on-year to $1.87...finally gets the green-light in South Korea. End-June 2008 saw a major...market boasting around 90 per cent broadband Internet penetration...
- South Korea : South Korea unveils 80 per cent subsidy for domestic fuel cells.
- News wire article from: TendersInfo August 26, 2009 700+ words
...subsidy will fall to 50 per cent between 2013 and 2016, and then drop to 30 per cent from 2017 to 2020. The expense...currently imports about 97 per cent of its energy sources. It is also aimed at helping South Korea to become a global leader in...
- - sales unexpectedly fell in US. The key benchmark indices from China, Hong...
- News wire article from: PTI - The Press Trust of India Ltd. October 29, 2009 700+ words
...from China, Hong Kong, Japan, South Korea, Singapore and Taiwan closed lower by between 0.63 per cent and 2.37 per cent. European markets were trading...of 75.60 points or 1.57 per cent from its last close. "Markets...
- Daelim Engineers & Construction Company of South Korea, had completed 97 per...
- Magazine article from: MEED Middle East Economic Digest December 13, 2002 700+ words
...Daelim Engineers & Construction Company of South Korea, had completed 97 per cent of the phase 1 work in early December (MEED 13...by Samsung Heavy Industries Company, also of South Korea, with the local Sadra. The client is Petropars...
- PROFITS OF LISTED FIRMS IN SOUTH KOREA DOWN 3.28 PER CENT.
- News wire article from: AsiaPulse News April 2, 2002 700+ words
...US$4.9 billion), down 3.28 per cent from the preceding year, the Korea Stock...profits of 499 companies plunged 63.78 per cent to 3.9 trillion won as deficits incurred...preceding year. Sales edged down 0.64 per cent to 514.7 trillion won and operating profits...
- SOUTH KOREA'S PER CAPITA GDP OVERTAKES TAIWAN'S FOR FIRST TIME.
- News wire article from: AsiaPulse News April 6, 2006 700+ words
...2005, Hu said, Taiwan's economic growth rate was slightly higher than South Korea's while its 2.3 per cent inflation rate was lower than South Korea's 2.8 per cent. Against this backdrop, Hu said he believes Taiwan will continue to lead...
- SOUTH KOREA, EU FACE STICKY ISSUES IN FREE TRADE TALKS.
- News wire article from: AsiaPulse News July 16, 2007 700+ words
...cars in South Korea. South Korea imposes an 8 per cent tariff on passenger cars...would boost by 36 per cent South Korea's exports to the region...increase by 47.8 per cent its shipments to South Korea that stood at $30.1...