South Korea's economy experienced minimal growth in the third quarter, expanding by just 0.1%, according to the Bank of Korea. This slight increase follows a contraction of 0.2% in the previous quarter and falls short of economists' expectations, which had predicted a growth of 0.4%.
The current economic situation is characterized by a weakening export rally, increasing geopolitical tensions, and uncertainties surrounding the upcoming US presidential race. These factors pose risks to trade-dependent nations like South Korea.
The latest figures highlight the challenges the country faces in achieving a strong economic recovery amidst these external pressures.