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Ha-young Choi
Ha-young Choi was an NK News correspondent based in Seoul. She studied Korean history, mainly focusing on modern Korean history at Korea University. Follow her on twitter @Hy_Choi0826
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News N.Korea’s economy evolving: Bank of KoreaService, construction show ongoing improvement, while primary industry remain stagnant due to last year's drought
The Bank of (South) Korea on Friday unveiled the North Korean economic growth rate, noting that its gross domestic product increased 1 percent in 2014 from the previous year. The North’s mining industry grew by 1.6 percent, and manufacturing showed 0.8 percent of growth due mainly to increasing production of textiles and shoes. The service industry, including restaurants, accommodation, transportation and communication showed 1.3 percent growth. The overall structure of the industry has changed slightly. Agriculture and fisheries accounted for 21.8 percent in 2014 and 22.4 percent in 2013. Service has increased to 31.3 percent from 30.0 percent in 2013 © Korea Risk Group. All rights reserved. |