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

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    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.

    Asia’s fourth largest economy is currently struggling with growing jobless woes, mounting consumer debt and falling exports in the face of slowing global demand.

    AFP

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