South Korea's gross domestic product (GDP) per person is estimated to have exceeded the US$36,000 mark last year, data showed ...

The BOK also said that growth in the services as well as construction industry decreased, but manufacturing industry grew at ...

South Korea's economy expanded at a weaker-than-expected pace of 2.0% in 2024 after lackluster growth in the fourth quarter amid weak consumer and business spending, bolstering the case for the ...

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 ...

SEOUL--South Korea’s economy barely grew in the fourth quarter of 2024, missing market expectations, as domestic demand was hurt in part by the country’s worst political crisis in decades ...

South Korea's economy expanded 1.2% year on year in the fourth quarter, its slowest expansion since the second quarter of 2023. The 1.2% reading missed analysts' expectations of 1.4% growth.