1/4/2008

Goldman Sachs Group Inc. raised its estimate for South Korea's GDP growth to 5.1%. Lee Myung Bak won the Dec. 19 presidential election promising big capital spending and a doubling of per capita income by 2017. "The recent presidential election in Korea was a landmark event, turning the political landscape in favor of deregulation, markets and growth," Goldman economist Kwon Goohoon said.

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