
South Korea's Economic Rebound
In a surprising turn of events, South Korea's real gross domestic product (GDP) expanded by 0.6% quarter-on-quarter in the second quarter of 2025, according to the Bank of Korea's (BOK) advanced estimates. This growth not only surpassed expectations but also marked a significant recovery from the first quarter's contraction of 0.2%.
Year-on-Year Growth and GDI Rise
The report also highlighted a 0.5% year-on-year growth in real GDP, alongside a notable 1.3% increase in real gross domestic income (GDI) compared to the previous quarter, signaling a robust economic upturn.
Consumption Trends
Private consumption saw a 0.5% uptick, while government consumption grew by 1.2%, driven largely by heightened expenditures on health care benefits.
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