The Republic of Korea (RoK)’s Gross Domestic Product (GDP) grew 1.3 percent in the first quarter of this year, up 4.2 percent over the same period last year, according to the Bank of Korea (BOK).

Statistics released by BOK showed that the metal and electric-electronic industries posted a growth of 3.1 percent and the service sector, 1.2 percent making contribution to promoting RoK’s economic growth.

The RoK’s consumer price index increased steadily from 4.1 percent in January to 4.7 percent in March, BOK said.

The BOK has maintained the country’s 2011 growth forecast at 4.5 percent, but it revised up the inflation projection to 3.9 percent this year from a earlier forecast of 3.5 percent./.