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South Korea's Q1 Nominal Growth Rate Hits 30-Year High at 17.1% Driven by Semiconductor Exports


South Korea's economy experienced significant growth in the first quarter of this year, driven by strong semiconductor exports. The nominal growth rate increased by 17% compared to the same period last year, marking the highest level in 30 years.The Bank of Korea announced on June 9 that the real Gross Domestic Product (GDP) growth rate for the fir...

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