South Korea's gross domestic product contracted a seasonally adjusted 1.4 percent on quarter in the first quarter of 2020, the Bank of Korea said in Thursday's advance estimate.
That follows the 1.3 percent increase in the previous three months.
Real gross domestic income (GDI) decreased by 0.6 percent on quarter compared to the previous quarter.
On the expenditure side, private consumption fell 6.4 percent on quarter as expenditures on goods (e.g. motor vehicles, clothing) and services (e.g. accommodation and food, recreation and culture) both decreased.
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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.