Hess, Lisa W.
October 2009
Forbes Asia;10/5/2009, Vol. 5 Issue 15, p40
The article focuses on the stock market and economic conditions of South Korea. It states that the South Korean economy is growing at a rapid pace, and gross domestic product (GDP) for the second quarter of 2009 rose at 9.7 percent annualized rate from the first quarter of 2009. It mentions that the residential mortgage rates are down, and consumer confidence is at 109. It also focuses on the fiscal policy of the government which has cut taxes on new cars by 70%.


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