South Korea's gross domestic product was down a seasonally adjusted 0.2 percent on quarter in the first quarter of 2025, the Bank of Korea said in Thursday's preliminary reading.
That missed forecasts for an increase of 0.1 percent, which would have been unchanged from the three months prior.
On an annualized basis, GDP slipped 0.1 percent - again missing expectations for a gain of 0.2 percent and down from 1.2 percent in the previous three months.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.