S Korea economy strong but no rate rise says BoK

SOUTH KOREA - South Korea's economy roared ahead in the first quarter on soaring consumer demand, helping send its currency to 15-month highs, but Bank of Korea governor Park Seung ruled out any immediate policy moves to cool one of Asia's hottest economies.

Park Seung did, however, voice concern over the rising won, which threatens to dampen exports and hurt an economy facing a fresh challenge from striking workers ahead of the World Cup soccer finals.

Park told foreign reporters the central b

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