[Breaking News] Korean Economy Surprises with 1.3% Growth in 1Q, Driven by Exports and Domestic Demand

The Bank of Korea announced on the 25th that the real Gross Domestic Product (GDP) growth rate for the first quarter of this year (preliminary figure) increased by 1.3% compared to the previous quarter. This is the highest rate in nine quarters since recording 1.4% in the fourth quarter of 2021.