S. Korea Expands at Slowest Pace Since Global Downturn: Economy

South Korea’s economy expanded last quarter at the slowest pace since the global recession, underscoring the case for stimulus by the new government and concern that a weaker yen will curb exports.

Gross domestic product rose 1.5 percent from a year ago, unchanged from January’s initial estimate, the Bank of Korea said today in Seoul. GDP grew 0.3 percent from the third quarter, the second-lowest rate since 2009, which compares with the original figure of 0.4 percent expansion.