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 early trade data showed weak export growth so far this month, as headwinds grow for the trade-reliant economy with political turmoil rumbling on at home and Donald Trump’s return to power clouding the outlook for global commerce.

South Korea's economy barely grew in the fourth quarter of 2024, missing market expectations, as domestic demand was hurt in part by the country's worst political crisis in decades, raising bets for more fiscal and monetary support to revive growth.

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.

South Korea's economy barely grew in the fourth quarter of 2024, as the country's worst political crisis in decades hurts already weakened domestic demand and threatens to further sap growth in a year of rising external risks under a second Trump presidency.

South Korea's economy expanded 1.2% year on year in the fourth quarter, marking its slowest expansion since the second quarter of 2023. Advance figures showed the figure missed the 1.4% expansion expected by economists polled by Reuters,

South Koreas economy barely expanded in Q4 2024, with GDP growing just 0.1% quarter-on-quarter, missing the 0.2% forecast, according to the Bank of Korea. Domestic demand struggled due to the nations most severe

Korea’s economy grew 2 percent in 2024, falling short of the 2.1 percent projected by the government, as the fourth-quarter growth missed the target by a significant margin amid political turmoil.