South Korean Economy Expands in First Quarter, Avoiding Recession

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By Kwanwoo Jun

South Korea’s economy expanded 0.3% in the first quarter, avoiding a recession after shrinking in the previous quarter for the first time in more than two years.

Gross domestic product in Asia’s fourth-largest economy grew on-quarter during the January-March period following a 0.4% sequential fall in the final quarter of 2022,…

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