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.

South Korea's economy grew less than expected in the fourth quarter, data showed Thursday, as it was hit by the fallout from President Yoon Suk Yeol's brief declaration of martial law that hit consumer confidence and domestic demand.

South Korea’s economy is under strain as political instability and a plunging won disrupt growth. Learn how the weak currency, rising inflation, and global trade risks are shaping the future of Asia’s fourth-largest economy.