South Korea economy News

South Korea's Economy Faces a Setback: Q1 GDP Contracts by 0.2%, Signaling Tough Times Ahead

South Korea's economy contracted by 0.2% in Q1, marking the first decline since last year. The downturn, driven by reduced domestic demand and exports, raises concerns over the cou...

South Korea's Economy Faces Growing Downside Risks as KDI Issues Fourth Consecutive Warning

The Korea Development Institute warns of increasing downside risks to South Korea's economy for the fourth consecutive month, citing deteriorating external conditions and declining...

South Korea's Economy Bounces Back: Production, Consumption, and Investment Show Significant Growth in February

In February, South Korea's economy showed signs of recovery with production up by 0.6%, consumption by 1.5%, and facility investment by 18.7%, marking a significant rebound from Ja...

South Korea's Economic Outlook Dims: KDI Highlights Construction Slump and Export Woes

The Korea Development Institute warns of growing economic risks in South Korea, highlighting a significant decline in construction activity and challenges in the export market, inc...