South Korea

    The South Korean economy could grow by up to 6 percent in 2010, global credit appraiser Standard & Poor’s said, according to the Chosun Ilbo. Growth will be driven by the country’s brisk exports and revival of domestic demand, the firm explained during a seminar that tackled the global economy and South Korea’s credit rating.

    In the international scene, South Korea and Bolivia signed a deal to jointly develop the South American country’s rich lithium deposits. The agreement proposes the creation of a joint research group that will study Bolivia’s mineral deposits and construction of a pilot lithium processing plant, the Korea Times report.

    About the author

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      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.