The South Korean economy is on a modest recovery track as exports remain robust and a slump in private consumption has eased, a state-run think tank said Monday.
The country’s exports and facility investment have expanded amid a global economic recovery, while sluggishness in consumption has eased.
Exports, which account for half of the economy, jumped 45.6 percent on-year in May to extend their gains to the seventh month on strong demand for chips.
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