South Korea Economy Shrinks More Than Expected in First Quarter
Lee Ju-yeol, governor of the Bank of Korea (BOK), attends a monetary policy meeting in Seoul, South Korea. (Photographer: Jean Chung/Bloomberg)

South Korea Economy Shrinks More Than Expected in First Quarter

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(Bloomberg) -- South Korea’s economy contracted more than expected in the first quarter as exports and construction investment were downgraded from initial estimates. Inflation ticked higher in May.
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