South Korea's economy recovers for 5th consecutive month, driven by exports and manufacturing.

South Korea's economy has shown signs of recovery for the fifth straight month, driven by robust exports and manufacturing production, according to the Finance Ministry’s Green Book report. Exports rose 11.4% in August, while mining and manufacturing output increased by 5.5% in July. Despite a 2.0% rise in consumer prices, uncertainties persist due to potential downturns in major economies and geopolitical tensions in Europe and the Middle East.

September 13, 2024
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