arirang news

The World On arirang

WED, 2015-10-07 KST

arirang Head Menu

Korea's strong output, current account surplus brightens this year's outlook Updated: 2014-01-29 22:06:22 KST

Despite concerns about emerging markets and the possible fallout from the U.S. Federal Reserve's expected decision on another cut in its stimulus, Korean policymakers say the fundamentals of the Korean economy appear strong enough to weather the impact.
Statistics Korea data showed Wednesday that the nation's industrial output, which includes production in the mining, manufacturing, gas and electricity industries, grew 3.4 percent in December from a month earlier.
That is the fastest pace in over four years.
In a separate report, the Bank of Korea said that the nation's current account surplus reached a record 70.7 billion dollars last year, up nearly 50 percent from the previous record of 48 billion posted in 2012.
For December, Korea marked a surplus for the 23rd straight month, with the amount standing at nearly 6-and-a-half billion dollars.
The central bank attributed the record surplus to strong exports coupled with stable global commodities prices that kept import prices under control.
Economists expect the domestic economy to keep up with its pace of recovery this year as domestic demand is also forecast to pick up.

"This year, the global economy is projected to gain more momentum compared to last year, so Korea's exports will fare well. Facilities investment and consumption will also improve."

"With this optimism, Korea's Finance Minister Hyun Oh-seok said market instability in emerging economies would have a limited impact on the Korean economy, but he cautioned against complacency given the rapidly changing overseas conditions."
Hwang Ji-hye, Arirang News."


KOGL : Korea Open Government License
본 저작물 중 본문에 해당하는 뉴스 스크립트는 공공누리 제1유형-출처표시 조건에 따라 이용할 수 있습니다.
단, 영상 자료는 저작권 문제로 자유이용이 제한되니, 담당자에게 확인하여 주시기 바랍니다.
(국제방송교류재단 김형선 : ☎02-3475-5263)