Korea’s economy grows 0.6% in Q3 2023 (advance estimate)
Koreas real gross domestic product (GDP) rose 0.6 percent quarter-on quarter in the third quarter of 2023, according to the Bank of Koreasadvance estimate released on October 26. The Korean economy grew 1.4 percent year-on-year. On the production side, agriculture, forestry and fisheries rose 1.0 percent quarter-on-quarter as livestock production increased. Manufacturing grew 1.3 percent as computer, electronicand optical products increased. Electricity, gas and water supply declined 1.4 percent, led by adrop in electricity. Construction rose 2.4 percent thanks to strong building const...