South Korea raised its growth forecast last Thursday to reflect the government's stimulus spending boost.
Ministry of Finance said in a statement said that this year, the Korean economy will grow by 2.7%, 2.3%, compared to an estimated three months ago.
South Korean National Assembly approved a $ 1.5 billion economic stimulus plan in May companies are reluctant to face an uncertain global economic outlook increased investment.
In 2012, South Korea's economic growth hit its lowest level in three years, only 2%.
The ministry said, could undermine the country's economy, compared with three months ago, has been reduced risk.
But that does not mean increased export-dependent economies will enjoy a full recovery, Treasury said.
"If you look at the speed of recovery, it is gradual and moderate," Department of General Choi Sang-Mok told reporters.
Exports have improved, but continue to drag on weaker yen, Japan's reduced demand for Korean products.
Large companies such as Samsung and Hyundai, the leading South Korean economy has yet to expand its capital expenditure, indicating that economic recovery is still largely dependent on the government's economic stimulus.
In the United States, the Korean economy is another worry is about the withdrawal of monetary stimulus
But Choi said the improvement in the U.S. economy may be a positive factor for the Korean economy, financial markets have been rattled even the Fed announced last week that it will expand its bond-buying program later this year, if the U.S. economy continues to to recover.
 



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