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Korea GDP beats forecasts

South Korea’s economy grew at a faster pace in the first quarter than initially estimated on rising exports and a pick-up in demand, confirming that Asia’s fourth largest economy is on track for strong growth this year.

Gross domestic product rose a seasonally adjusted 1.8 percent in the January-March period from the fourth quarter of 2009, when the economy grew 0.2 percent from the earlier quarter, the Bank of Korea said on Tuesday.

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(Source: The Wall Street Journal Online)