ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

South Korea GDP growth hit 11-year high in 2021 on strong exports

Market drops despite data, overshadowed by U.S. Fed worries

SEOUL -- South Korea's economic growth hit an 11-year high last year on the back of strong exports and corporate investments, rebounding from the previous year's negative growth.

The Bank of Korea announced on Tuesday that the country's economy expanded 4% in 2021, turning around from minus 0.9% growth a year earlier and meeting the government's 4% target. The central bank also said exports grew 9.7% and corporate capital investment expanded 8.3%.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more