South Korea: Moderate GDP Growth Foreseen

ByJohn S. McClenahen Despite a November dip in its leading economic index for South Korea, the Conference Board anticipates "moderate real GDP growth in the near term." With only three of eight elements rising in November, the leading index fell one-tenth of a percentage point to 119.4 (1990=100), says the New York-based business research group. However, data revisions for previous months indicate that the index is "on a moderate upward trend despite November's decline," says the Conference Board. "Export demand continues to be one of the strongest components of the leading index," it notes.