S.Korea economy to grow 4%

Reported by Straits Times on Thursday, 19 November 2009 (on November 19, 2009)

SEOUL - SOUTH Korea's economy is expected to grow faster next year than the previous forecast of four percent as it rebounds quickly from the global downturn, Finance Minister Yoon Jeung Hyun said on Thursday.

'Many foreign institutions are expressing their surprise over our economy's faster-than-expected rebound... it is expected that next year's growth will likely be better than the government's earlier forecast of a four per cent expansion,' he told heads of major think-tanks.

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