Gantry cranes and shipping containers at the Busan Port Terminal (BPT) in Busan, South Korea, on Tuesday, July 22, 2025. Photographer: SeongJoon Cho/Bloomberg
SEOUL: South Korea's economy grew in the third quarter by the fastest pace in a year and a half, advanced central bank estimates showed on Tuesday, helped by strong exports and solid private consumption as government stimulus measures boosted spending.
Gross domestic product expanded 1.2% in the third quarter from three months earlier on a seasonally adjusted basis, faster than the 0.9% expected in a Reuters poll and after expanding 0.7% in the preceding three months.
