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S. Korean economy grew 4% in 2021; fastest pace in 11 years Updated: 2022-01-25 08:47:04 KST

Last year, according to the BOK, the South Korean economy grew at the fastest pace in 11 years at four percent.
That's in line with the Bank of Korea's forecast and is a rebound from the negative growth seen the year before.
The central bank attributed that largely to exports increasing by almost 10 percent last year.
Another main driver was a rise in private spending of 3.6 percent on-year.
In the Q-4 of last year, the economy grew one.one percent from the quarter before, driven by the same factors.
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