Seoul, April 24, 2025 (AFP) - S. Korea's economy shrinks in first quarter as trade war hits exports

NAMPA / AFP

2025-04-24

South Korea's economy unexpectedly contracted 0.1 percent in the first three months of this year, the Bank of Korea said Thursday, as the country reels from months of political chaos and heightened trade tensions. US President Donald Trump's threatened 25 percent "reciprocal" tariffs on export-dependent South Korea have rattled Asia's fourth-largest economy, sending Seoul-listed shares tumbling and pushing the currency to its weakest level since......

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