Korean Economy Remains Strong

South Korea's central bank kept it's key interest rate at 2%. That's a record rate and it's been there for 15 months.

What does that mean? Well, I can't tell you exactly, but I can give you a slight idea.

While countries like America and groups like the European Union are running the money printing presses constantly, South Korea is avoiding such activity.

You see, Korea has weather this financial storm quite well compared to other major economies, and is improving much faster as well. South Korea has 5 straight quarters of growth.

South Korea bases its economy on exports. The country has huge global exports in the form of cars (Kia, Hyundai) and electronics (LG, Samsung) among other goods. They even put a freeze on borrowing.

All this while the US is seemingly signing off on new stimulus packages every month, and Greece is begging for $1 trillion from the EU.

So I guess making my living here is beneficial for yet another reason. Thanks, Korea!