South Korea finance minister says growth seen above 1% in Q2 q-o-q

[JEJU] South Korea's finance minister said there are no signs of a firm economic recovery yet in Asia's fourth-largest economy, but added that sequential growth in the second quarter would come in above 1 per cent.

Finance Minister Choi Kyung-hwan also told reporters that much of the first quarter growth was affected by weakness in the October-December period of last year.

His comments, made on Jeju Island, came a day after the Bank of Korea said the economy in the March quarter expanded a seasonally adjusted 0.8 per cent in sequential terms.

REUTERS