Korean economy defies won strength to return to growth

samsung-korea-flag

The South Korean economy grew by 0.9% in the first quarter of 2013, according to data released today, with exports leading the way despite a sharp rise in the value of its currency against the yen since the start of the year.

The rate of economic growth was Korea's best since the first quarter of 2011 and would at first sight appear to vindicate the central bank's current policy inaction, described as a "strictly do absolutely nothing" attitude by Société Générale analyst Klaus Baader, who is

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: