Korean growth slows
Korea's economy slowed in June as the pace of CPI inflation picked up. The increase in the CPI was mainly due to high oil prices, said the Bank of Korea in its second quarterly bulletin for 2008.
Growth slowed due to weakening domestic demand in facilities and construction investment. However, liquidity is still ample in the financial markets and financial institutions' lending is steadily increasing. Exports also continued to post robust growth.
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