Amid supply chain disruptions and the COVID-19 pandemic, South Korea's economy in the third quarter grew at a slower pace than quarter before.
The Bank of Korea said Thursday that the country's gross domestic product, adjusted for inflation, grew zero.three percent in the third quarter compared to the second quarter.
Exports, which are the key driver of the economy rose by one.eight percent.
However, private consumption decreased by point-two percent and investment in construction fell by three.five percent.
In order to achieve the government's goal of 4 percent economic growth this year, the South Korean economy must grow by 1 percent or more in the fourth quarter.