South Koreas economy barely expanded in Q4 2024, with GDP growing just 0.1% quarter-on-quarter, missing the 0.2% forecast, according to the Bank of Korea. Domestic demand struggled due to the nations most severe

South Korea's economy barely grew in the fourth quarter of 2024, as the country's worst political crisis in decades hurts already weakened domestic demand and threatens to further sap growth in a year of rising external risks under a second Trump presidency.

Korea’s economy grew 2 percent in 2024, falling short of the 2.1 percent projected by the government, as the fourth-quarter growth missed the target by a significant margin amid political turmoil.