South Korea, GDP contracts in the first quarter

South Korean GDP According to the first narrow of 2020 in the first quarter of 2020, 0.1% annually compared to the annual year in the first quarter of 2025 compared to 0.1% per annum.

GDP’s figure Reauters’s questionnaire increased by 0.1%, and in the last quarter of 2024 compared to 1.2% increase.

Information from the Korean Bank, due to the fall of the construction, shown that it was due to an annual contract with an annual contract with the fall of construction.

A statement on the money policy on April 17 had a Korean bank He warned the growth of South Korea’s GDP Forecasting 1.5% of February for 2025 is expected to decline.

Bok noted that domestic economic growth is weaker than expected, because in domestic demand and exports, but also slowed down political uncertainties and trade conditions.

South Korea’s first quarter was celebrated with political uncertainty, as former President Yoon Suk Yeol and Prime Minister Han Duck-Soo’s impeachment tests.

The Constitutional Court hit Han’s impeachment in March and was the president before Removing Yoon out of the office On April 4th. South Korea will go to the boxes to choose a new president on June 3.

The economy led by the country’s exports was also shot by trade war conflicts. US President Donald Trump has temporarily suspended the “mutual tariffs” blanket on April 9, and South Korea still subdues 25% in cars and cars in the country

South Korea’s Hyundai and Kia are Top eight most sold brands Country in the United States The fourth largest steel exporter of the US

GDP’s release South Korean team team leads us to trade talks, as the President Han acts that those who say said were reported Awaiting negotiations with the United States to open a way for a mutually beneficial result.

Ministry of Commerce, Industry and Economy of South Korea He said on the agenda on Thursday The meeting with the United States is linked and is still not finalized.

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