South Korea's per-capita gross national income (GNI) is likely to surpass 20,000 U.S. dollars next year for the first time in three years, mainly driven by a faster-than-expected recovery pace, South Korea's Yonhap News Agency said Monday.
"We expect that the nation's per-capita national income will stand at around 17,000 U.S. dollars this year and continue to exceed 20,000 dollars next year," Yoon Jong-won, head of the finance ministry's economic policy bureau, told Yonhap during an interview.
According to Yoon, under the condition that the nation meets its target growth outlook and the foreign exchange rate remains at the current level, South Korea will be able to see its per-capital income rising above 20,000 U.S. dollars.
Last week the finance ministry revised up its earlier growth outlook for 2010, expecting it would hit a 5 percent expansion.
South Korea's per-capita GNI first stood above 20,000 dollars in 2007, but fell below the mark last year to 19,231 dollars amid the financial turmoil and the global recession.
Source:http://news.xinhuanet.com