South Korea's gross domestic product was up a seasonally adjusted 1.7 percent on quarter in the first quarter of 2026, the Bank of Korea said in Thursday's preliminary reading.
That beat forecasts for an increase of 0.9 percent following the 0.2 percent contraction in the previous three months.
Real gross domestic income increased 7.5 percent on quarter.
On the expenditure side, private consumption grew 0.5 percent as expenditures on goods increased. Government consumption rose 0.1 percent with increased expenditures on goods.
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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.