SEOUL -- Despite achieving over 3% growth for the first time in three years in 2017, there is concern that the South Korean economy may be unable to sustain its recovery this year amid a buoyant won and the uptrend in interest rates and oil prices.
On Thursday, the Bank of Korea said it estimated a 3.1% increase in South Korea's real gross domestic product last year. The central bank said growth was expected to remain above 3% in 2018 as well.
