South Korea’s economy narrowly avoids recession on government stimulus

SEOUL, South Korea — South Korea’s economy, Asia’s fourth largest, narrowly avoided recession in the first quarter as government pump priming offset a slump in exports but officials still predict a contraction for the full year.

South Korea’s economy contracts 4.3 percent in first quarter

SEOUL, South Korea — South Korea’s economy contracted 4.3 percent in the first quarter of 2009 from the same period last year, as manufacturing and exports slumped amid the global downturn, the Bank of Korea announced Friday.

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Skorea-economy

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  • dhyarga Japan, South Korea agree to tighter economic ties (AP) http://tinyurl.com/psxu6t
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