South Korea’s economy is rebounding, the country’s finance minister said this week. In an interview with Bloomberg, Finance Minister Hur Kyung Wook said that its growth in 2010 would surpass what the government forecasted in December 2009.
The country reported brisk job growth, data shows.
Moody’s Investors Service raised South Korea’s sovereign debt rating this week from A2 to A1, citing the country’s resilience to the global financial crisis.
South Korean stocks and the won, its currency, both surged after the announcement.
The country reported brisk job growth, data shows.
Moody’s Investors Service raised South Korea’s sovereign debt rating this week from A2 to A1, citing the country’s resilience to the global financial crisis.
South Korean stocks and the won, its currency, both surged after the announcement.
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