S. Korea's economic growth slumps to 3-year low in 2023

Shin Seung-cheol, head of the economic statistics department at the Bank of Korea (BOK), holds a press conference at the central bank in Seoul on Jan. 25, 2024, to announce South Korea's economic growth slowed to the lowest in three years in 2023 due to a slump in exports amid tightening monetary policies around the globe, with the country's real gross domestic product increasing 1.4 percent last year, in line with the central bank's earlier estimate, in this photo released by the BOK. (PHOTO NOT FOR SALE) (Yonhap)

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