Korea's financial system grows 1% in 2025: BOK

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Korea’s gross home product (GDP) grew 1 p.c in 2025 from the earlier yr, pushed by robust exports regardless of weak point within the development sector, central financial institution knowledge confirmed, Thursday. It’s half the two p.c enlargement in 2024. Within the fourth quarter of final yr, GDP declined 0.3 p.c from the earlier quarter. The GDP contracted 0.2 p.c within the first quarter of 2025, rose 0.7 p.c within the second quarter and 1.3 p.c within the third, and turned to say no of 0.3 p.c once more within the fourth. In keeping with an advance estimate by Financial institution of Korea (BOK), final yr’s complete progress was pushed primarily by continued progress in exports amid stable abroad demand. Personal consumption and authorities consumption additionally confirmed progress, offsetting sluggish home funding. Development funding posted a deeper contraction, a sustained decline as a consequence of weak property markets and delayed infrastructure initiatives. Manufacturing progress slowed, however the service sector expanded, contributing positively to general financial progress.

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