Seoul skyline.
Mongkul Chuwong | moment | Getty Images
South Korea's economy grew by 1.2% year-on-year in the fourth quarter, marking its slowest expansion since the second quarter of 2023.
Preliminary figures showed the figure was less than the 1.4% expansion expected by economists polled by Reuters, and growth was also weaker compared to the 1.5% rise recorded in the third quarter of 2024.
On a quarterly basis, GDP growth also missed expectations, with the economy growing by just 0.1% compared to the 0.2% forecast in the Reuters poll.
However, full-year GDP growth for 2024 came in at 2% compared to last year's gain of 1.4%.
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