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S. Korean economy showing signs of rebound on back of strong exports: Report
Updated: 2021-06-11 13:38:19 KST
The South Korean economy is continuing to see signs of a recovery as consumer spending and exports bounce back.
According to the finance ministry, credit card spending in May jumped 6.8 percent on year rising for the fourth month in a row.
There was also a continued recovery in facility investment, employment and exports.
Exports in particular surged more than 45 percent compared to their lows in the early months of the pandemic.
The ministry attributed that to the improving global economic situation amid the vaccination drive.
The report did, however, note that uncertainties remain high, especially when it comes to inflation.
Reporter : smkim@arirang.com