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South Korea revised Q4 GDP up 2.4% on year vs 2.3% gain expected

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South Korea's economy grew a seasonally adjusted 0.5 percent during the final three months of last year from the previous quarter, revised central bank data showed on Tuesday, slightly above an earlier estimate of 0.4 percent.

The upward revision owed mostly to the construction sector, which grew by 1.3 percent from a quarter earlier, faster than a 0.5 percent expansion estimated before.

From a year earlier, South Korea's gross domestic product expanded by 2.4 percent in the final quarter of 2016, the Bank of Korea data showed, slightly above the advanced estimate of 2.3 percent released on Jan. 25.

For the whole of last year, the economy grew by 2.8 percent, the revised data showed, expanding at a similar rate to 2015.

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