South Korean economy grows but pace slows

SOUTH KOREA - South Korea's economy grew 1.4 percent in the second quarter, down from a 1.9 percent rise in the previous three months, as growth in consumer spending and construction slowed, the central bank said on Thursday.

Growth in Asia's third-largest economy is still expected to outstrip most of the region in 2002 despite concerns that softer U.S. demand could hinder export growth.

"There was a slower increase in construction investment and consumer spending during the second quarter, w

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