Money and business
South Korea’s economy records the fastest pace of growth in a year and a half
Economy record South Korea in the third quarter of the year grew at the fastest pace in six quarters, driven by strong exports and rising private consumption.
Rapid growth
This growth is the fastest since the first quarter of 2024, when the economy recorded a similar growth of (1.2%), ahead of an increase of (1.2%). (0.7%) in the second quarter.
On an annual basis, the economy grew by (1.7%) in the third quarter, compared to an increase of (0.6%) in the previous quarter.
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