(URGENT) S. Korea's economy grows 1.8 pct in Q1, faster than initial estimate: BOK

South Korea's economy expanded at a stronger pace than previously reported during the first quarter, according to revised figures from the Bank of Korea. The nation's gross domestic product grew by 1.8 percent, surpassing the initial forecast that had projected a more modest increase. This upward revision suggests that economic activity in Asia's fourth-largest economy was more robust than initially assessed during the opening months of the year.

The stronger-than-expected economic growth indicates improved momentum in South Korea's economy, which has implications for regional economic health and may influence policy decisions by the central bank.