Economy

South Korea rebounds from COVID recession on export recovery

GDP grows 1.9% in third quarter, but service sector remains weak

KIM JAEWON, Nikkei staff writer
October 27, 2020 08:01 JST
Updated on October 27, 2020 10:23 JST

SEOUL -- The South Korean economy rebounded from a COVID-induced recession in the third quarter as demand for exports grew following the relaxing of lockdowns in the region.

Read Next

Latest on Economy

  • Economy

    India overhauls consumption taxes to cut rates and spur spending

    India overhauls consumption taxes to cut rates and spur spending
  • Economy

    Vietnam celebrates 80th independence day with a sense of jubilation

    Vietnam celebrates 80th independence day with a sense of jubilation
  • Economy

    Hong Kong to open to mainland Chinese drivers in November

    Hong Kong to open to mainland Chinese drivers in November

    • Sponsored Content

    About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.