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S. Korean economy grows 1.5 pct on-quarter in Q3: BOK

All News 08:00 December 01, 2017

SEOUL, Dec. 1 (Yonhap) -- South Korea's economy grew at the fastest pace in nearly seven years in the third quarter from three months earlier on brisk manufacturing and construction, central bank data showed Friday.

The country's gross domestic product (GDP) expanded 1.5 percent in the July-September period from the previous quarter, up 0.1 percentage point from earlier estimates, according to the preliminary data from the Bank of Korea (BOK).

The on-quarter growth accelerated from a 0.6 percent on-quarter expansion three months earlier and marked the fastest since the second quarter of 2010, when the economy rose 1.7 percent.

From a year earlier, the local economy grew 3.8 percent in the third quarter, compared with a 2.7 percent on-year expansion in the previous quarter.


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