The South Korean economy expanded 1 percent last year, driven by robust exports, but posted negative on-quarter growth in the fourth quarter amid a slump in the construction sector, central bank data showed Thursday.
The country's real gross domestic product -- a key measure of economic growth -- for 2025 matched the Bank of Korea's earlier forecast, though the growth rate slowed from a 2 percent expansion in the previous year, according to the preliminary data by the central bank.
It marked the slowest growth since 2020, when the economy contracted 0.7 percent amid the COVID-19 pandemic and fell below the country's potential gr
Continue Reading on The Korea Herald
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.