[KOREAN ECONOMIC NEWS] Good morning, everyone. I’m Byeongyeon Yoo staff of Kamaindia Pvt. Ltd.
Here I have an important Korean economic news to share with you which is as undermentioned.tioned.
South Korea’s economy has entered a recovery track, steered by global economic improvement and strong exports, but its private consumption sector remains slow due to a record-high amount of household debt, the nation’s central bank said Thursday.
According to the Bank of Korea‘s monetary policy report to the National Assembly, private consumption climbed by 2.3 percent frm the fourth quarter of 2016 to the third quarter of last year, marking slow growth compared to the conventional yearly figure of 6.2 percent.
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