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ADB revises up its 2021 economic outlook for S. Korea to 3.5% Updated: 2021-04-28 10:12:54 KST

The Asian Development Bank has revised up its outlook for South Korea's economy this year, citing growing chip exports and the government's fiscal support.
The bank forecasts South Korea's economy to grow three-and-a-half percent in 2021,up from its earlier prediction of 3.3 percent.
Its outlook is more positive than forecasts by both the South Korean government and the OECD.
South Korea posted GDP growth of one.six percent for the first three months of the year.
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