Korea's gross domestic product (GDP) growth may fall below 2 percent next year due to the impact of high interest rates, high inflation and a weak won on its economy, experts said Sunday.

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.

North Korea's GDP grew 3.1% in 2023, according to central bank estimates. The Bank of Korea cited economic cooperation with Russia as one factor. Both countries have deepened ties amid the war in ...

After emerging from the 1950-53 war with North Korea, South Korea emerged as one of the 20th century’s most remarkable economic success stories, becoming a developed, globally connected, high ...

South Korea's President Yoon faces likely impeachment after a "botched coup" attempt, TS Lombard said. The firm predicts a new election could boost South Korea's economy and lead to friendlier ...

South Korea’s economy grew 2.6 percent in 2022, slowing from 4.1 percent in 2021. Source: Al Jazeera and news agencies. Related. South Korea has so few babies it is offering new parents $10,500.

South Korea grew by 0.1% quarter-on-quarter seasonally adjusted in the fourth quarter of ... Korea: Q4 2024 GDP Up Just 0.1 Percent, Yet The Worst Seems To Be Over. Jan. 23, 2025 3:12 AM ET ...

In December 1996, Korea join the OECD as its 29th member, which is largely composed of advanced countries. This confirmed the rise of Korea from an Asian tiger to a major economic power. Korea’s ...

The GDP figure missed the 0.1% rise expected by a Reuters poll, and is a reversal compared to the 1.2% rise in the last quarter of 2024. Data from the Bank of Korea showed that the drop was mostly ...

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. Stream San Diego ...

The GDP figure missed the 0.1% rise expected by a Reuters poll, and is a reversal compared to the 1.2% rise in the last quarter of 2024. Data from the Bank of Korea showed that the drop was mostly ...