SEOUL: South Korea's economy has escaped sluggish growth seen in the fourth quarter of last year and seems to be on a steady recovery, the country's finance minister told lawmakers on Tuesday.

However, despite improvements the recovery momentum has not spread to all part of the economy as capital investment remains shaky and exports have been lagging on weak demand from China, Finance Minister Choi Kyung-hwan said.

Copyright AFP (Agence France-Presse), 2015