South Korea's economy slowing
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South Korea's market is the strongest performer in Asia on Thursday.
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SEOUL, South Korea (Reuters) -- South Korea's senior economic presidential aide said on Thursday the country's economy was weakening faster than expected.
Cho Yoon-je, economic adviser to President Roh Moo-hyun, also told correspondents the presidential Blue House was closely monitoring the U.S.-led war against Iraq and was considering what economic policy steps to take as result.
Earlier, the Bank of Korea said the central bank would announce measures to try to stabilise money markets if the military strike on Iraq has a market impact.
The South Korean stock market is Asia's strongest performer Thursday, with the benchmark Kospi index up 4.66 percent to 567.08 near the close.
Asia's fourth largest economy, which outshone most regional peers in 2002, has been buffeted this year by risks ranging from North Korea's suspected nuclear program to a recent $1.2 billion accounting scandal at conglomerate SK Group.
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