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S. Korean economy grows 0.6 pct on-quarter in Q3: BOK

All Headlines 08:01 December 04, 2018

SEOUL, Dec. 4 (Yonhap) -- The South Korean economy expanded 0.6 percent in the third quarter from three months earlier, central bank data showed Tuesday, amid rising concerns over an economic downturn.

The July-September growth rate marked the slowest since the fourth quarter of last year when the economy contracted 0.2 percent, according to the Bank of Korea.

Following a 0.6 percent rise in the second quarter, Asia's fourth-largest economy has been below the 1 percent expansion line for two quarters in a row.

On a year-on-year basis, South Korea grew 2 percent over the three-month period, marking the slowest on-year growth since the third quarter of 2009.

S. Korean economy grows 0.6 pct on-quarter in Q3: BOK - 1

brk@yna.co.kr
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