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Politics : Formerly About Applied Materials
AMAT 317.97-2.8%Jan 20 3:59 PM EST

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To: StanX Long who wrote (56387)11/28/2001 12:54:16 AM
From: StanX Long  Read Replies (1) of 70976
 
South Korea growth pegged at 4% in 2002
November 27, 2001 Posted: 12:54 PM HKT (0454 GMT)

asia.cnn.com

Korean reforms have sparked clashes like this between farmers and police last Wednesday, but the jobless rate is falling
By staff and wire reports

SEOUL, South Korea -- South Korea's economy will grow at three percent the first half of next year, its Ministry of Finance said Tuesday.

That pace will pick up to 5 percent growth in the second half of 2002, it predicted.

That's good news for a country whose strong showing has inspired investors. The benchmark Kospi index roared to a 14-month high on Monday, driven by overseas buying.

The index was off 1.4 percent on Tuesday morning. But the market has shown steady gains on the back of South Korea's economy, one of the best performers in Asia during the current slowdown.

Overseas investors have been net buyers of Korean stocks since October, the most sustained streak this year.
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