The data showed private consumption weakened and construction investment remained in contraction in the fourth quarter. Exports edged up on demand for semiconductors and other information-technology goods.
South Korea's economy barely grew in the fourth quarter of 2024, missing market expectations, amid the country's worst political crisis in decades, advanced central bank estimates showed on Thursday.
South Korean President Yoon Suk Yeol attended on Tuesday a Constitutional Court hearing of his impeachment trial where he denied ordering military commanders to drag lawmakers out of parliament during his short-lived bid to impose martial law.
South Korea's economy barely grew in the fourth quarter of 2024, missing market expectations, as domestic demand was hurt by the country's worst political crisis in decades, advanced central bank estimates showed on Thursday.
South Korea's acting president Choi Sang-mok said on Tuesday he hoped for bilateral relations with Washington to develop more reciprocally under the Trump administration, citing concerns about how U.S.
South Korea will extend runway safety areas and redesign infrastructure after the crash of a Jeju Air Co. flight last month that killed almost everyone on board, sparking criticism that the design of the airport might have exacerbated the accident.
South Korea's economy expanded 1.2% year on year in the fourth quarter, marking its slowest expansion since the second quarter of 2023.
South Korea’s impeached president denied that he had ordered the military to drag out lawmakers at the National Assembly to prevent them from voting down his martial law decree last month, as he appeared for the first time at a hearing of the Constitutional Court that is to determine his fate.
The assembly impeached President Yoon Suk Yeol last month, but the Constitutional Court will decide whether to formally dismiss or reinstate him.
SEOUL (Reuters) - South Korea's defence ministry said on Tuesday the denuclearisation of North Korea must continue to be the goal necessary for lasting global peace, after reports that U.S. President Donald Trump had called Pyongyang "a nuclear power."
South Korea’s impeached president, Yoon Suk Yeol was formally arrested early on Sunday, days after being apprehended at his presidential compound in Seoul.
Political turmoil over impeached President Yoon Suk Yeol, who failed a martial law attempt in December, and sluggish domestic demand weighed on Asia’s fourth-largest economy.