South Korea enters first recession in 17 years as exports plummet

GDP contracts 3.3% in second quarter, but economists see a rebound

KIM JAEWON, Nikkei staff writerJuly 23, 2020 08:03 JSTUpdated on July 23, 2020 10:06 JST | South Korea

SEOUL -- South Korea entered a recession for the first time in 17 years as exports plunged due to the coronavirus pandemic.