SEOUL  – South Korea’s economy contracted in the final quarter of 2022 for the first time in 2-1/2 years, as a post-pandemic spending spree faded and global trade tumbled, central bank estimates showed on Thursday. Gross domestic product (GDP) shrank 0.4 percent in the October-December period from the previous quarter, the Bank of Korea estimated, … Continue reading South Korean economy shrank in Q4 for first time in 2-1/2 years