Nomura said that the South Korean economy may grow faster than expected in the third quarter. GDP is expected to grow 1.6% month-on-month and 4.0% year-on-year in July-September, far higher than the earlier forecast of 0.1% month-on-month growth and 2.4% year-on-year growth.

Nomura said that the South Korean economy may grow faster than expected in the third quarter. GDP is expected to grow 1.6% month-on-month and 4.0% year-on-year in July-September, far higher than the earlier forecast of 0.1% month-on-month growth and 2.4% year-on-year growth.