UPDATE 3-S.Korea economy in recession, H2 rebound seen


(Adds regional comparisons, updates markets in paras 8 and 9) By Kim Kyoung-wha SEOUL, Aug 22 (Reuters) - South Korea's economy, the envy of most Asian neighbours last year, contracted in the second quarter on flagging consumption, sliding into its first recession since the 1998 Asian crisis, the central bank said on Friday. A central bank forecast for the third quarter implied a strong rebound was now under way, although officials remained cautious and analysts pointed to ballooning ...

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