The Korea Development Institute (KDI) has reported Korea’s economy is about to recover because export has greatly increased even through underconsumption. 
On Nov. 23, KDI has reported in it’s ‘Economic Performance of October’ report that the global economy including America and Japan are gradually recovering from stagnation and actual export has jumped greatly and also investments on facilities has been in a slump until July but is slowly improving. 
With the delay on the recovery of the domestic market, KDI has stressed although service production is at a low level, increase of inventory on industrial activities are slowing down, and production is gradually increasing showing hope on the recovery of the Korean economy. 
KDI explained the expectations of consumers, who are the main source of economic activities, are still holding back, but actual economy index of corporations are rapidly recovering around IT and export related companies. 
Expectations on the recovery of the financial market are steadily raising stocks and long-term interest rates have already increased largely. 
KDI has added although the sudden drop on indexes related with consumption have seized, it is still not showing any recovery from the stagnation situation and improvement on construction investment indexes are gradually slowing down. 
(Rest omitted) 
Source: Yonhap News Agency, November 23, 2003