Monday, July 23, 2007

South Korea Economy Probably Accelerated Last Quarter on Gain in Exports

(Bloomberg) -- South Korea's economy probably grew
at the fastest pace in 1 1/2 years last quarter, helped by
exports of LG Electronics Inc.'s mobile phones and Hyundai Heavy
Industries Co.'s ships.

Asia's third-largest economy expanded 1.3 percent from the
first quarter, according to the median estimate of 11 economists
surveyed by Bloomberg News. The gross domestic product report
will be released at 8 a.m. in Seoul tomorrow.


Read more at Bloomberg Emerging Markets News

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