Bloomberg South Korea led the developed world to join China in exceeding the size of its pre-pandemic economy, as investment and exports helped it expand faster than expected. Gross domestic product grew 1.6% during January-March from the previous quarter, the Bank of Korea said, easily beating economists’ consensus for a 1.1% expansion. That pushed GDP above the level at the ...

Bloomberg Widespread school closures amid the pandemic will likely reduce students’ future productivity and wages, the Asian Development Bank (ADB) said, estimating the present value of prospective lost earnings at $1.25 trillion for developing Asia. The region’s students, who on average have lost nearly one-third of the academic year to school closures, could see a 2.4% decline in their future ...

Bloomberg Zomato Ltd, an Indian food delivery startup backed by Jack Ma’s Ant Group Co, has filed an initial prospectus with Indian market regulator for an initial public offering that could raise as much as 82.5 billion rupees ($1.1 billion). The company plans to issue new shares to raise a maximum 75 billion rupees, while its major shareholder Info Edge ...