S. Korea's GDP expands 1.7% in Q1, fastest growth in 5 1/2 yrs: BOK

Despite the ongoing crisis in the Middle East, the South Korean economy posted its fastest quarterly growth in 5 1/2 years in the first quarter, supported by solid exports and resilient domestic demand, central bank data showed Thursday. The country's real gross domestic product — a key measure of economic growth — rose 1.7 percent in the January-March period from three months earlier, according to the preliminary data from the Bank of Korea. It marked the strongest quarterly growth since the th

By The Korea Herald