South Korea Q3 GDP +1.3% q/q, faster than earlier estimate

SEOUL, Dec 3 : South Korea's economy expanded by 1.3 per cent in the third quarter, revised central bank data showed on Wednesday, faster than the bank's earlier estimate of 1.2 per cent.

It was the fastest quarterly growth since the fourth quarter of 2021, when the economy grew by 1.6 per cent.

On an annual basis, gross domestic product increased 1.8 per cent in the third quarter, also better than the advanced estimate of 1.7 per cent.