South Korea's economy remained sluggish in the fourth quarter of last year as the martial law saga under President Yoon Seok-yoon further dented consumer confidence, already weakened by slowing export growth.
Gross domestic product (GDP) grew 0.1% in the fourth quarter from the previous quarter, the Bank of Korea said Thursday, falling short of economists' estimate of 0.2%, Bloomberg reported. On a year-on-year basis, the economy grew by 1.2 per cent, also below forecasts of 1.4 per cent.
South Korean policymakers are trying to boost flagging economic growth and curb what they say is excessive currency volatility, though they didn't immediately disclose details of their interventions.
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