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Production, investment recovering: South Korea finance minister

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South Korea's finance minister said on Wednesday production and investment in Asia's fourth-largest economy have shown signs of recovery after weakening in the second quarter.

[SEOUL] South Korea's finance minister said on Wednesday production and investment in Asia's fourth-largest economy have shown signs of recovery after weakening in the second quarter.

In remarks at a job fair, Finance Minister Choi Kyung Hwan also said consumption has risen above levels seen before an outbreak of Middle East Respiratory Syndrome in the second quarter which had hurt consumer sentiment.

Mr Choi attributed the step up in economic activity to a supplementary budget passed earlier this year and nationwide bargain sales which were launched as part of government measures to boost consumption.

REUTERS

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