The South Korean economy rebounded in the second quarter.

South Korea's economy rebounded in the second quarter at a pace stronger than expected, despite the adverse effects of President Trump's tariff policies on economic growth. The warming of this fourth-largest economy in Asia is mainly attributed to robust exports and policy support. The Bank of Korea implemented a loose monetary policy, while the South Korean government increased fiscal stimulus. Preliminary data released by the Bank of Korea on Thursday showed that after a 0.2% contraction in the first quarter, South Korea's GDP grew by 0.6% in the second quarter of 4-6 months. According to the data from the Bank of Korea, South Korea's economy grew by 0.5% year-on-year in the second quarter, with the revised year-on-year growth rate for the first quarter adjusted to 0.0%. This data exceeded market expectations. Exports contributed to over 40% of South Korea's GDP growth, with strong export growth in the second quarter due to robust shipments of semiconductors, petrochemical products, and other goods overseas following a decline in the first quarter. Government spending and private consumption rebounded after stagnating or declining in the first quarter, while equipment and construction investments continued to decline.