South Korea's economy shows recovering

South Korea's economy is showing signs of recovering from its prolonged slump, South Korea's News Agency (Yonhap) reported Tuesday, citing the latest major indicators pointing to the overall improvement. The agency cited a 1.8 percent growth in industrial output in August and the upward trend in home prices in Seoul and its surrounding areas following the government's pursuit of stimulating the property market as proof of his analysis. The country's gross domestic product grew 1.1 percent in the second quarter from three months earlier, quickening from a 0.8 percent on-quarter advance in the first quarter. This is the first time that the growth rate surpassed 1 percent in nine quarters.