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South Korea's Q3 GDP grew at slower pace of 0.3%

Robust exports were offset by weak domestic demand

South Korea's growth in the third quarter was slowed by weak domestic demand and construction and facility investments.   © Reuters

SEOUL (Reuters) -- South Korea's economy grew at a slower-than-expected pace in the third quarter, as subdued private consumption and weak construction and facility investment offset robust exports.

Gross domestic product (GDP) grew a seasonally adjusted 0.3% in the third quarter, the Bank of Korea (BOK) data showed on Tuesday, the slowest in five quarters and following a 0.8% rise in the preceding three months. It also fell short of the 0.6% growth tipped in a Reuters survey.

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