S. Korea's economy expands 1.8% in Q1, faster than earlier estimate

The South Korean economy grew at the fastest pace in more than five years in the first quarter, supported by strong exports and solid domestic demand, central bank data showed Thursday. The real gross domestic product rose 1.8 percent in the January-March period from the previous quarter, 0.1 percentage point higher than the earlier estimate, according to preliminary data from the Bank of Korea. The reading marked the strongest quarterly growth since the third quarter of 2020, when the economy g

By The Korea Herald