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Korea bumps up growth forecast to 3% while lowering jobs outlook

A newly released government forecast expects the Korean economy to grow 3% this year thanks to robust exports and investment stemming from the semiconductor supercycle. If this projection bears fruit, the country could see its first return to the 3% growth level or higher since 2021. Yet the hiring is expected to fall short of predictions, signaling a more pronounced trend of jobless growth. [...]