South Korea’s Q2 GDP +0.7% q/q, faster than earlier estimate

[SEOUL] South Korea’s economy expanded 0.7 per cent in the second quarter, revised central bank data showed on Wednesday, faster than the bank’s earlier estimate of 0.6 per cent.

It was the fastest quarterly growth since the first quarter of 2024, when the economy grew 1.2 per cent.

On an annual basis, gross domestic product was 0.6 per cent higher in the April-June quarter, also better than the advanced estimate of 0.5 per cent. REUTERS