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FRI, 2014-10-31  KST

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Financial woes of emerging markets unlikely to affect Korea: KDI

Updated: 2014-02-06 23:03:24 KST
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A local think tank says the financial jitters surrounding emerging economies are not likely to affect the Korean economy.
In its monthly economic assessment released Thursday, the Korea Development Institute said that the impact of falling stock prices and the depreciation of the local currency will be limited, as Korea's economic fundamentals are relatively strong.
The institute also said that the Korean economy is on the path to recovery, helped by a modest improvement in domestic demand and growing demand from advanced countries for exports.


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