(MENAFN) Forecasts by the global investment banks (IBs) and rating agencies projected that South Korea's economy will advance about 3 percent this year, QNA reported.
South Korea's gross domestic product (GDP) is expected to grow 3.63 percent this year, compared to an economic growth of 3 percent a year earlier, according to Bloomberg data.
ING Group offered an estimate of a 2.8 percent expansion for Asia's fourth-largest economy this year, the lowest among all rating agencies, followed by HSBC with 3.2 percent and Credit Suisse with 3.3 percent.
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