South Korea GDP Expands 0.3% In Q1
(RTTNews) - South Korea's gross domestic product was up a seasonally adjusted 0.3 percent on quarter in the first quarter of 2023, the Bank of Korea said on Friday.
That was in line with expectations following the upwardly revised 0.3 percent contraction in the previous three months (originally -0.4 percent).
Real gross national income (real GNI) increased by 1.9 percent in the first quarter of 2023 compared to the previous quarter.
On an annualized basis, GDP climbed 0.9 percent, exceeding expectations for an increase of 0.8 percent following the 1.3 percent gain in the three months prior.
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Bank Of Korea Retains Key Rate; Lifts Growth Outlook
The Bank of Korea maintained its benchmark rate unchanged again on Thursday and retained its hawkish stance toward future policy as it upgraded the economic growth outlook on improving global factors and the easing of sluggish domestic demand. The Monetary Policy Board unanimously decided to hold the Base Rate at 3.50 percent.
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South Korea Producer Prices Rise 0.3% In April
Producer prices in South Korea were up 0.3 percent on month in April, the Bank of Korea said on Wednesday - accelerating from 0.2 percent in March.
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South Korea Export Prices Jump 6.2% On Year In April
Export prices in South Korea spiked 6.2 percent on year in April, the Bank of Korea said on Tuesday - accelerating from 2.6 percent in March.
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South Korea Posts $6.93 Billion Current Account Surplus In March
South Korea had a current account surplus of $6.93 billion in March, the Bank of Korea said on Thursday.
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South Korea Has $6.93 Billion Current Account Surplus
South Korea posted a current account surplus of $6.93 billion in March, the Bank of Korea said on Thursday.
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South Korea Manufacturing PMI Slips In April - S&P Global
The manufacturing sector in South Korea continued to contract in April, and at a faster pace, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 49.4.
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South Korea Inflation Flat On Month In April
Consumer prices in South Korea were flat on a seasonally adjusted monthly basis, Statistics Korea said on Thursday.
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South Korea April Trade Surplus $1.53 Billion
South Korea posted a merchandise trade surplus of $1.53 billion in April, the Customs Office said on Wednesday.
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