According to the Bank of Korea, Korea’s GNI turned positive in the second quarter for the first time in a year, posting a 21-year high growth rate. In the meantime, Korea’s GDP rose a 2.6 percent during the same period.
Korea’s GNI rose 5.6 percent during Q2 compared to the previous three months. This is the highest figure after Korea posted a 6.2 percent expansion in 1988.
It has been known that while GDP shows the broadest measure of a country's economic performance, GNI indicates purchasing power of income earned from production activity.
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