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GDP in the final quarter of 2010 also rose 4.8% year-on-year, vs +4.4% in the previous quarter, the BOK said. Jan 13 the central bank unexpectedly (hike seen later in Q1) raised the base rate 25 bps to 2.75%, in a move seen designed to combat rising inflation. In his State of the Union address Tuesday, President Obama urged Congress to pass a South Korea free trade agreement "as soon as possible."
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