South Korean economy grows 0.9% in Q1

South Korean economy grew 0.9 percent in the first quarter, posting the identical figure with the prior quarter, central bank data showed Thursday.
Revised figure for real gross domestic product (GDP) expanded 0. 9 percent in the first quarter from three months earlier, according to the Bank of Korea (BOK).
It was the identical figure with the prior quarter and was unchanged from the preliminary reading. The GDP is the broadest measure of economic performance.
Economic activities among manufacturers increased 2.2 percent in the first quarter on a quarterly basis due to the growth in oil product, metal goods and electronic devices.
The construction sector advanced 1.2 percent during the quarter, with the service industry expanding 0.6 percent on the back of solid activities in the health and social welfare sectors.
Gross domestic income, which gauges all income earned while producing goods and services, grew 0.5 percent in the first quarter from three months earlier, the lowest in two years.