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Friday, December 10, 2004

Per capita income in Korea - The price of growth

If your economy is strong, and the demand is there, than, of course, an economy and its population is rewarded.

As such, despite a currently sagging economy, that the per capita GNP in Korea is increasing and is forecast to may be exceed US$20,000 in three to four years.

It is expected to reach an all-time high of more than US$14,000 this year, up 11.5 percent from last year.

Now they just have to take care that productivity is increasing even faster, otherwise, the economy is headed towards trouble.

(By Asia Business Consulting)