South Korea GDP contracts 0.1% in the first quarter amid political uncertainty

S. Korea's economy shrinks in first quarter as trade war hits exports

South Korea's economy unexpectedly contracted 0.1 percent in the first three months of this year, the country's central bank said Thursday, as the Asian export giant reels from months of political chaos and heightened trade tensions.

South Korea Faces Economic Setback Amid U.S. Tariff Tensions

South Korea Faces Economic Setback Amid U.S. Tariff Tensions In a surprising turn, South Korea's economy contracted in the first quarter, spurred by halted exports and consumption amid fears surrounding Washington's persistent tariffs. The national Gross Domestic Product dipped by 0.2%, defying predictions of a slight increase according to a recent Reuters survey.This downturn has amplified demands for the Bank of Korea to implement further inte…

South Korea's GDP shrinks 0.2 pct in Q1: BOK

The South Korean economy posted negative growth for the first time in about a year in the first quarter of 2025, central bank data showed Thursday, amid a domestic political crisis and uncertainties stemming from the Donald Trump administration's sweeping tariff scheme. The country's real gross domestic product (GDP) -- a key measure of economic growth -- contracted 0.2 percent in the January-March period from three months earlier, according to …

South Korea GDP Slips 0.2% In Q1

South Korea's gross domestic product contracted a seasonally adjusted 0.2 percent on quarter in the first quarter of 2025, the Bank of Korea said in Thursday's preliminary reading.

South Korea GDP contracts 0.1% in the first quarter amid political uncertainty

Data from the Bank of Korea showed that the drop was mostly due to a fall in construction, with the sector contracting 12.1% year-on-year.

Korean economy experiences first negative GDP growth in three quarters

Korean economy experiences first negative GDP growth in three quarters Korean economy sees unprecedented GDP contraction as global trade tensions rise