The BOK also said that growth in the services as well as construction industry decreased, but manufacturing industry grew at a faster rate compared to last year. "We suspect that

South Korea's economy barely grew in the fourth quarter of 2024, as the country's worst political crisis in decades hurts already weakened domestic demand and threatens to further sap growth in a year of rising external risks under a second Trump presidency.

The data showed private consumption weakened and construction investment remained in contraction in the fourth quarter. Exports edged up on demand for semiconductors and other information-technology goods.

South Korea's economy expanded 1.2% year on year in the fourth quarter, marking its slowest expansion since the second quarter of 2023. Advance figures showed the figure missed the 1.4% expansion expected by economists polled by Reuters,

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, raising bets for more fiscal and monetary support to revive growth.

South Koreas economy barely expanded in Q4 2024, with GDP growing just 0.1% quarter-on-quarter, missing the 0.2% forecast, according to the Bank of Korea. Domestic demand struggled due to the nations most severe

South Korea's economic growth slowed in the last quarter of 2024, data from the central bank showed Thursday, as the country struggled with the fallout from impeached President Yoon Suk Yeol's brief declaration of martial law.

Korea’s economy grew 2 percent in 2024, falling short of the 2.1 percent projected by the government, as the fourth-quarter growth missed the target by a significant margin amid political turmoil.