Think tanks: South Korea recovering, but government goals might be too ambitious

One think tank, the Korea Development Institute, says South Korea's economy is undergoing a moderate and sustainable recovery. But another think tank, looking longer term, says the government's goal of 4% annual growth with $40,000 per capita GDP at 70% employment might not be realistic. "The government promised to drive up potential growth from the current 3.5% mark to the 4% level, but that will unlikely come by," said Joo-won, senior researcher at the Hyundai Research Institute.

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Yonhap News Agency (South Korea) (subscription required) · (South Korea)

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