Tourism booster: Pyeongchang, a mountain county in South Korea’s Gangwon province, hosted the 2018 Winter Olympics in February this year, which fed a boom in consumption and tourism. — AP
SEOUL: A rapid fall in capital investment slowed South Korea’s economic growth in the second quarter, while weaker export growth highlighted concerns over the outlook for trade in the second half of the year.
Gross domestic product grew a seasonally adjusted 0.7% in the second quarter, the Bank of Korea (BoK) said, slowing from 1% growth over January to March, as expected.
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