Press Coverage – November 11th

Standard

Business Week Senior reporter, Rupert Walker sees Korean economy impressive rebound

 

Korea shows remarkable resilience: Rupert Walker
  

Thanks to the governments’ pre-emptive actions against global financial crisis and strong corporate earnings, Korea is seen to be now bottoming out of from global gloom. A senior reporter of Business Week, Rupert Walker said Asia’s fourth largest economy has impressed many investors by its surprising rebound, especially compared with its regional peers. The Government-led stimulus package, equivalent to 3.6% of GDP this year,helped to minimise economic contraction in economic growth. And fiscal measure for local economy will be maintained next year, said Ministry of strategy and finance, Yoon Jeung-hyun said late September. Sean Darby, a strategist at Nomura, suggested that Korea is enjoying its first self-sustaining recovery having seen Korean economy system is undergoing a structural change.   See more from www.businessweek.com

  

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