KDI Raises South Korea Growth Forecast to 3.2%

Export and import cargo piled up at the Sinseondae Pier of Busan Port (Yonhap News) A forecast has emerged that the South Korean economy will grow by 3.2% this year, driven by strong semiconductor exports. The Korea Development Institute (KDI) raised its forecast for this year's gross domestic product (GDP) growth rate by 0.7 percentage points from the 2.5% announced in May, through the 'Revised…