South Korean economic growth accelerates

Chung Sung-Jun/Getty Images

South Korea’s economy grew faster than first thought in the September quarter of 2015.

According to the government, the economy expanded by 1.3% during the quarter, faster than the preliminary estimate of 1.2%, with the acceleration the fastest seen since the March quarter of 2011.

The substantial quarterly increase left the annual growth rate at 2.7%, higher than the preliminary estimate of 2.6% and above the 2.2% rate of Q2.

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