Yonhap News AgencyJanuary 22, 2014 19:47
By Kim Soo-yeon
SEOUL, Jan. 23 (Yonhap) -- The South Korean economy grew at a slower pace in the fourth quarter than in the previous quarter as construction investment contracted, the central bank said Thursday.
Korea's gross domestic product (GDP), the broadest measure of economic performance, grew 0.9 percent in the October-December period from three months earlier, compared with a 1.1 percent on-quarter gain in the third quarter, according to the Bank of Korea (BOK).
The fourth-quarter growth was the slowest since a 0.8 percent on-quarter gain in the first quarter.