Political turmoil over impeached President Yoon Suk Yeol, who failed a martial law attempt in December, and sluggish domestic demand weighed on Asia’s fourth-largest economy.

South Korea's economy barely grew in the fourth quarter of 2024, missing market expectations, amid the country's worst political crisis in decades, advanced central bank estimates showed on Thursday.

SOUTH Korea’s economy continued to sputter last quarter, after President Yoon Suk-yeol’s short-lived declaration of martial law battered consumer confidence at a time when export growth is slowing. Read more at The Business Times.

South Korea's economy barely grew in the fourth quarter of 2024, missing market expectations, as domestic demand was hurt by the country's worst political crisis in decades, advanced central bank estimates showed on Thursday.

South Korea's transport ministry said on Wednesday that it would remove the concrete embankment installed at Muan International Airport following last month's Jeju Air crash, its deadliest domestic air disaster.

South Korea's acting president Choi Sang-mok said on Tuesday he hoped for bilateral relations with Washington to develop more reciprocally under the Trump administration, citing concerns about how U.S.

South Korea will extend runway safety areas and redesign infrastructure after the crash of a Jeju Air Co. flight last month that killed almost everyone on board, sparking criticism that the design of the airport might have exacerbated the accident.

South Korea's economy expanded 1.2% year on year in the fourth quarter, marking its slowest expansion since the second quarter of 2023.

The assembly impeached President Yoon Suk Yeol last month, but the Constitutional Court will decide whether to formally dismiss or reinstate him.

SEOUL (Reuters) - South Korea's defence ministry said on Tuesday the denuclearisation of North Korea must continue to be the goal necessary for lasting global peace, after reports that U.S. President Donald Trump had called Pyongyang "a nuclear power."

South Korea’s impeached president has denied that he ordered the military to drag lawmakers out of the National Assembly to prevent them from voting to reject his martial law decree last month, as he appeared for the first time before the Constitutional Court that will determine his fate.