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South Korea GDP Slips 0.3% In Q1

South Korea's gross domestic product contracted a seasonally adjusted 0.3 percent on quarter in the first quarter of 2019, the Bank of Korea said in Thursday's advanced estimate.

That follows the 1.0 percent increase in the three months prior.

On an annualized yearly basis, GDP climbed 1.8 percent, slowing from the 2.7 percent increase in the previous three months.

Real gross domestic income picked up 0.2 percent on quarter because of an improvement in terms of trade, the bank said.

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