Yonhap News AgencyMarch 26, 2014 01:01
By Kim Soo-yeon
SEOUL, March 26 (Yonhap) -- The South Korean economy grew 3 percent in 2013, faster than an earlier estimate, as exports remained robust and consumer spending gained, the central bank said Wednesday.
Korea's gross domestic product (GDP), the broadest measure of economic performance, was compared with a previous estimate of a 2.8 percent on-year gain, according to the Bank of Korea (BOK). The economy grew a revised 2.3 percent in 2012.
The 2013 data marked the fastest yearly growth since 2011 when the GDP grew 3.7 percent.