Posted inSouth Korea

Korean economy exceeded expectations in Covid-hit 2020

SEOUL – South Korea’s export-oriented economy contracted just -1% year-on-year in 2020, preliminary data from the Bank of Korea showed on Tuesday. On the plus side, that moderate contraction amid the unprecedented strains of the pandemic beat multiple estimates. Seen through a comparative lens, the high-tech, export powerhouse was among advanced economies’ star performers last […]