S. Korea’s economy contracts 0.2% in Q1 2025

South Korea's economy contracted in the first quarter of this year, primarily due to sluggish construction investment and exports.

Data from the Bank of Korea on Thursday showed that the country's GDP from January to March shrank by point-two percent on quarter, spurred by domestic and international economic uncertainties.

This was mainly due to a three-point-one percent fall in construction investment and a point-six percent decrease in exports.