SEOUL: South Korea’s economy grew at a faster-than-expected pace in the fourth quarter as it ended the coronavirus-stricken year solidly poised for a recovery in 2021 thanks to surging exports.
Gross domestic product (GDP) grew a seasonally adjusted 1.1% in the December quarter from the third quarter, the Bank of Korea (BoK) said, faster than the median estimate of 0.7% in a Reuters poll and following a 2.1% expansion in the September quarter.
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