South Korea's quarterly GDP contracts for the first time in four years as construction activity plunges
Data from the Bank of Korea showed that the drop was mostly due to a fall in construction, with the sector contracting 12.4% year on year.
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South Korea's GDP contracted 0.1% in the first quarter of 2025, according to advance figures, missing the 0.1% rise expected by Reuters' poll.
South Korea's quarterly GDP contracts for the first time in four years as construction activity plunges
Data from the Bank of Korea showed that the drop was mostly due to a fall in construction, with the sector contracting 12.4% year on year.
South Korea's quarterly GDP contracts for the first time in four years as construction activity plunges
Data from the Bank of Korea showed that the drop was mostly due to a fall in construction, with the sector contracting 12.4% year on year.
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The major averages ended Wednesday higher on hopes that trade tensions between the U.S. and China could soon ease.
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First-quarter data highlights economic weakness just as Seoul launches talks with Washington over damaging US tariffs
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