• Analytics
  • News and Tools
  • Market News
  • SOUTH KOREA: Overnight, the Bank of Korea released Q4 GDP data showing that the economy grow by 0.5% q-o-q in Q4, slowing modestly from the +0.7% expansion seen in Q3, but the eight consecutive quarter of growth since Q1 2009 nevertheless.
Market news
26.01.2011, 19:10

SOUTH KOREA: Overnight, the Bank of Korea released Q4 GDP data showing that the economy grow by 0.5% q-o-q in Q4, slowing modestly from the +0.7% expansion seen in Q3, but the eight consecutive quarter of growth since Q1 2009 nevertheless.

GDP in the final quarter of 2010 also rose 4.8% year-on-year, vs +4.4% in the previous quarter, the BOK said. Jan 13 the central bank unexpectedly (hike seen later in Q1) raised the base rate 25 bps to 2.75%, in a move seen designed to combat rising inflation. In his State of the Union address Tuesday, President Obama urged Congress to pass a South Korea free trade agreement "as soon as possible."

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location