South Korea's gross domestic product expanded 1.4 percent in the second quarter of 2010 compared to the previous quarter, the Bank of Korea said on Friday. That was slightly lower than the 1.5 percent quarterly expansion indicated in the preliminary reading on July 26.
"The GDP estimates released today are based on more complete source data, from the industrial production index, the service industry activity index, etc., than were available for the advance estimates," the Bank of Korea said in a statement accompanying the data.
On the production side, the manufacturing sector added 5.2 percent, mainly due to the growth in machinery equipment, fabricated metal products and automobile manufacturing. The construction sector eased 0.9 percent on sluggishness in residential building construction. Services added 0.1 percent, reflecting increases in the transport and storage and health and social work sectors.
On the expenditure side, private consumption rose by 0.8 percent, while facilities investment surged 9.1 percent, construction investment shed 3.6 percent and exports of goods jumped by 7.0 percent.
The annual headline figure was unchanged, with GDP expanding 7.2 percent on year.
On the production side, manufacturing increased 18.0 percent and services 3.6 percent, while construction declined by 0.5 percent.
On the expenditure side, facilities investment surged 30.2 percent and exports of goods jumped 14.9 percent, although construction investment declined 2.9 percent. Domestic demand excluding inventories increased 4.5 percent.
Nominal gross national income increased 2.2 percent on quarter, while real gross national income increased by just 0.5 percent. In terms of year-on-year growth, real GNI increased by 5.4 percent.
The GDP deflator fell 2.6 percent on year.
The gross saving ratio climbed from 30.8 percent in the first quarter to 31.7 percent in the second, while the gross domestic investment ratio increased from 28.4 to 29.4 percent over the same period.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.