South Korea’s economy contracted in the first quarter after large-scale wildfires and political turmoil over its president’s impeachment suppressed consumer sentiment and business activities.

South Koreas economy showed minimal growth last quarter as global trade risks and weak domestic demand continued to weigh on Asias fourth-largest economy, according to a Reuters poll of economists. The country is

South Korea is among three Asia-Pacific countries that have a comprehensive trade pact with the United States, eliminating nearly all tariffs between the two countries. It was fir