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Korea Economy Grows More Than First Estimated Last Quarter

Views of Seoul As South Korea Sees New Virus Cases Rise
Photographer: SeongJoon Cho/Bloomberg
Updated on

South Korea’s economy grew at a faster pace than initially estimated last quarter, as greater investment boosted the country’s rebound from its pandemic-driven slump.

Gross domestic product increased a revised 2.1% in the third quarter from the previous three months, the Bank of Korea reported Tuesday, compared with 1.9% in earlier calculations. Analysts had expected the reading to be unchanged.