Seoul
South Korea’s real gross domestic product (GDP), adjusted for inflation, grew 1.9 percent in the third quarter from the previous quarter, central bank data showed Tuesday. It marked the first rebound in three quarters after contracting 1.3 percent in the first quarter and 3.2 percent in the second quarter each on a quarterly basis, according to the Bank of Korea (BOK). The GDP recovery was led by a turnaround in export, which accounts for about half of the economy. Export advanced 15.6 percent in the July-September quarter from three months earlier, after slumping 16.1 percent in the April-June quarter. The outbound shipment raised the real GDP by 3.7 percentage points during the July-September quarter.— Xinhua
