Retail in Asia

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S Korea’s healthy employment rate drives growth

South Korea’s household income growth hit the highest in six quarters in the last quarter of 2011 and consumer sentiment improved in February, a relief for an economy hit with weakening exports.

Disposable household income rose a real 3.1 percent from a year earlier, the fastest pace since a 4 per cent rise in the second quarter of 2010.

The finance ministry attributed the robust income growth to improved employment.

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