S. Korea's economy bounces back with GDP rising 0.6% in Q2

South Korea's real gross domestic product, a key indicator of the economy, grew by 0-point-6 percent on-quarter in the second quarter of the year.

That's according to the Bank of Korea on Thursday, which said the figure is largely driven by the private sector, with exports and consumption playing a major role in supporting growth.

Specifically private consumption rose 0-point-5 percent, while government spending increased 1-point-2 percent, with both domestic demand and net exports each contributing 0-point-3 percentage points.

The bounce back came as GDP shrank by 0-point-2 percent in the first quarter compared to the last quarter of 2024.

While the economy avoided consecutive contractions, investment remained sluggish, with construction and facility investment both down 1-point-5 percent.