Korean economy grew by 1.4% in 2023 (Preliminary Estimate)
Koreas real gross domestic product (GDP) grew by 1.4percent in 2023, according to the Bank of Koreaspreliminary estimate released on March 5. In the fourthquarter of 2023, the Korean economy rose 0.6 percentquarter-on-quarter and 2.2 percent year-on-year. On the production side, the figures for agriculture,forestry and fisheries declined by 6.7 percent quarter?on-quarter. Manufacturing grew by 1.2 percent, led byincreased production of computer, electronic andoptical products. Production of electricity, gas andwater supply grew by 8.8 percent mostly as a result ofhigher efficiency in p...