S. Korean economy to grow 4%
Korea Development Institute (KDI) expects South Korean economy to grow 4% in 2005 against the government's forecast of 5%.
The state-owned KDI indicates that exports, which are impacted by unfavorable external factors, will slow down the South
Korea's 2005 economic growth.
It is also reported that the high oil prices, the appreciation of Won against the US Dollar and US' monetary-tightening policy will continue easing export growth.
KDI also expects GDP (Gross Domestic Product) to grow 3% in the first half of 2005 due to slowing export and to reach 4% in the second half due to the pick up in domestic demand.