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S. Korea's Per Capita GNI Set to Surpass $30,000

Written: 2018-03-28 08:47:02Updated: 2018-03-29 09:42:45

The South Korean economy grew over three percent last year, and the per capita gross national income(GNI) approached 30-thousand dollars. 

According to preliminary data by the Bank of Korea(BOK) on Wednesday, the economy expanded three-point-one percent last year, up two-point-nine percent from the previous year. 

The country's per capita GNI came to 29-thousand-745 dollars last year, up seven-and-a-half percent from a year earlier. The growth marks the highest gain in six years. 

The per capita GNI, which topped the 20-thousand dollar mark in 2006, is certain to surpass the 30-thousand dollar threshold this year, if the economy grows over three percent and there are no severe fluctuations in the won-dollar exchange rate.

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