IMF forecasts 2% growth.

Seoul -- The International Monetary Fund (IMF) predicts South Korea's economy will expand by at least 2 per cent this year, the Korean government has reported.

"The two sides shared a view that the Korean economy has embarked on the path toward a full recovery," the Finance & Economy Ministry said in a statement after a two-week quarterly meeting on economic policy.

The IMF approved of Korea's efforts to boost the economy, which led international rating companies to upgrade the nation's...

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