South Korea's economy shows signs of recovery with GNI per capita exceeding $40,000

South Korea is showing signs of economic recovery, with gross national income per capita expected to exceed $40,000 this year. Finance Minister Koo Yun-cheol announced this during a meeting of economy-related ministers, highlighting that the GDP grew at its fastest pace in 47 years in the second quarter. The meeting also addressed initiatives to revamp the steel industry and convert vacant spaces into public housing.