Korean Economy Expands 7.6% in H1

The South Korean economy is demonstrating a strong recovery, looking poised to surpass a simple recovery and head for an expansionary phase. The economy grew a ten-year high of 7.6 percent in the first half of the year, on the back of brisk private spending, robust exports, increased facility investment and a subsequent rise in industrial output. Some even say that it’s time to consider appropriate measures to cool the potentially overheated economy. The domestic economy is expected to follow a steady path to recovery for the time being.