South Korea's economy logged its fastest growth in one-and-a-half years in the third quarter, thanks to robust consumption and exports.
Gross domestic product grew 1.2 percent from a quarter ago, advance estimate from the Bank of Korea showed on Tuesday. This followed second quarter's 0.7 percent expansion. Moreover, a similar pace of growth was last reported in the first quarter of 2024.
On the expenditure side, private consumption advanced 1.3 percent, as expenditures on goods especially motor vehicles and communication equipment, and services increased notably.
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