Economy
January-March figure also revised up to 3.8% growth on the year
Asia’s fourth-largest economy, South Korea grew faster at the beginning of this year than previously estimated. © Reuters
SEOUL (Reuters) — South Korea’s economy grew in the first quarter at a stronger pace than previously estimated in April, revised central bank data showed on Tuesday.
Gross domestic product grew 1.8% in the January-March quarter from the preceding three months, faster than the 1.7% increase estimated earlier, according to the Bank of Korea.
Asia’s fourth-largest economy grew 3.8% from a year earlier, revised up from an advance estimate of 3.6%.