The Bank of Korea announced on the 28th that the real gross domestic product (GDP) growth rate (compared to the previous quarter, preliminary value) in the third quarter was calculated to be 1.2%.
This is the highest quarterly growth rate in 1 year and 6 months since the first quarter of last year (1.2%).
It also exceeds the Bank of Korea’s estimate (1.1%) in its economic outlook last August.
If the government had been governed normally, it could have grown at a high rate of 4-5% per year.