S.Korea economy logs best annual growth in 11 years

SEOUL, South Korea (AFP) — South Korea’s economy grew in 2021 at the fastest pace for 11 years thanks to robust exports and strong activity in the service sector, the central bank said Tuesday. The 4.0 percent expansion, which came in line with forecasts, was the best performance since 2010 and came despite the pandemic hurting global supply chains. The strong data will give the Bank of Korea some room to further tighten interest rates […]