South Korea sets sights on 3pc growth next year

South Korea aimed to lift economic growth to 3 per cent next year from a projected 2.1 per cent this year and the government would spend about 60 per cent of its budget in the first half to spur recovery, the finance ministry said yesterday.

The ministry's first official growth target for the new year compares with a 3.2 per cent gain in 2013 gross domestic product forecast by the central bank in October and a 3.4 per cent rise tipped in the latest Reuters survey published in October.

via Business feed http://www.scmp.com/business/economy/article/1113858/south-korea-sets-sights-3pc-growth-next-year