(2nd LD) S. Korea's economy expands 1.8 pct in Q1, faster than earlier estimate: BOK

South Korea’s economy experienced a stronger expansion than initially projected during the first quarter of the year. Revised data from the Bank of Korea indicates that the gross domestic product grew by 1.8 percent, surpassing the preliminary estimate of 1.6 percent. This upward adjustment was primarily driven by more robust performance in the manufacturing and construction sectors than previously calculated. Additionally, private consumption and export figures were revised higher, reflecting a more resilient economic environment. Despite global uncertainties, these figures suggest that the nation's recovery momentum remains steady. The central bank continues to monitor these trends to determine the future trajectory of monetary policy.

The upward revision of GDP figures provides a more optimistic outlook for South Korea's economic recovery and informs the central bank's upcoming interest rate decisions.