Asia Pacific

South Korea's Q3 GDP grows at slower pace, misses forecast

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A truck drives between shipping containers at a container terminal at Incheon port in Incheon, South Korea, May 26, 2016.REUTERS/Kim Hong-Ji

SEOUL, Oct 26 (Reuters) - South Korea's economy grew at a slower pace in the third quarter, as robust exports were offset by weak domestic demand and construction and facility investments, data from the Bank of Korea showed on Tuesday.

Gross domestic product (GDP) grew a seasonally adjusted 0.3% in the September quarter from three months earlier, slowing from 0.8% growth in the preceding quarter and missing a median 0.6% growth tipped in a Reuters survey. read more

From a year earlier, Asia's fourth-largest economy expanded 4.0% during the third quarter, down sharply from a 6.0% expansion in the second quarter, which was the fastest in a decade. That also compares to a 4.2% rise seen in the survey. read more

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Reporting by Joori Roh Editing by Chris Reese

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