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

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%.