|  | The Korean economy continues to expand. Real GDP growth, which had slowed to 4 percent year on year in the first quarter of 2007, recovered to 5 percent in the second quarter. Growth was mainly led by improving domestic demand, as well as continued strength in exports. Exports have maintained a double-digit real growth thanks to solid demand from the Euro zone and China, in the face of strong won appreciation against the dollar. Facility investment and consumption rose respectively by 11.9 percent and 4.2 percent in the second quarter, backed by strong exports and solid equity prices. more |  |  |  |
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