However, full-year GDP growth for 2024 came in at 2% compared with last year's 1.4% gain. The South Korean won weakened 0.13% to 1,436.4, while the country's benchmark stock index Kospi fell 0.47%.

South Korea's fourth-quarter GDP missed estimates Thursday, with weakness in consumption and the construction sector driving growth to a six-quarter low of 1.2%, year on year.

South Korea's fourth-quarter GDP missed estimates Thursday, with weakness in consumption and the construction sector driving growth to a six-quarter low of 1.2%, year on year.

South Korea's GDP contracted 0.1% year on year in the first quarter, according to advance figures, marking the first contraction in its economy since the fourth quarter of 2020.

This was higher than the 0.5% expected by economists polled by Reuters, and a reversal from the 0.2% contraction seen in the ...

South Korea's fourth-quarter GDP missed estimates Thursday, with weakness in consumption and the construction sector driving growth to a six-quarter low of 1.2%, year on year.