South Korea GDP Climbs 0.6% In Q2

RTTNews | 426 days ago
South Korea GDP Climbs 0.6% In Q2

(RTTNews) - South Korea's gross domestic product expanded a seasonally adjusted 0.6 percent on quarter in the second quarter of 2025, the Bank of Korea said on Thursday.

That was in line with expectations following the 0.2 percent contraction in the previous quarter.

Real gross domestic income (GDI) increased by 1.3 percent compared to the first quarter.

On an annualized basis, GDP improved 0.5 percent - exceeding forecasts for an increase of 0.4 percent following the flat reading in the three months prior.

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South Korea Producer Prices Rise 0.2% In August

South Korea Producer Prices Rise 0.2% In August

Producer prices in South Korea were up a seasonally adjusted 0.2 percent on month in August, the Bank of Korea said on Friday - following the 0.4 percent contraction in July.
RTTNews | 5 days ago
Bank Of Korea Hikes Key Rate For Second Straight Time

Bank Of Korea Hikes Key Rate For Second Straight Time

The Bank of Korea raised its benchmark rate by a quarter-point for the second straight meeting on Thursday, to prevent broadening of inflationary pressures. The Monetary Policy Board of the Bank of Korea voted 6-1 to raise the base rate by 25 basis points to 3.00 percent. The bank had lifted the rate by a quarter-point at the previous meeting in July.
RTTNews | 26 days ago