Latest Lee Dong-won News & Updates

South Korean Economy Grew 1% in 2025, Fourth Quarter Sees Contraction

By

Seoul, Jan 22 (IANS) The South Korean economy expanded 1 per cent 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 on Thursday.The country’s real gross domestic product (GDP) — a key measure of economic growth — for 2025 matched the Bank of Korea’s (BOK) earlier forecast, though the growth rate slowed from a 2 per cent expansion in the previous year, according to the preliminary da…