SKorea’s Q1 growth slightly higher at 0.5% – BOK

SEOUL: South Korea’s economy grew just 0.5 percent in the first quarter, the Bank of Korea said on Thursday -- a shade higher than originally estimated but weighed down by an extended export slump.

The revised on-quarter growth figure for the January-March period was slightly up on the central bank’s earlier estimate of 0.4 percent, but still down from 0.7 in the final quarter of last year.