Bank of Korea - Annual Report 2005

According to the Bank of Korea's Annual Report 2005, over the course of 2005, the Korean economy grew by 4.0 percent as the export growth rate slowed down owing to a base-period effect.

"From the second half, however, the Korean economy recovered at a gradually increasing pace due to the balanced growth of domestic demand and exports."

"Despite a surge in international oil prices, consumer prices increased by 2.7 percent on average, affected by stable prices of agricultural, livestock and marine

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