According to recent data from the Bank of Korea, South Korea's economy experienced its strongest growth in more than two years during the first quarter. The country's real gross domestic product expanded by 1.3 percent from January to March, matching earlier estimates. This growth represents a significant improvement compared to the previous quarter and is the highest since the fourth quarter of 2021. On an annual basis, South Korea's economy grew by 3.3 percent in the first quarter, surpassing the growth figure from the last quarter of 2023. The data also revealed positive trends in private spending, exports, government spending, and construction investment during this period. In light of these developments, the Bank of Korea maintained its key interest rate and raised its growth forecast for the year. Following a slowdown in economic growth last year, the 2023 expansion is seen as a positive sign, with the central bank expecting a slight rebound to 2.5 percent for the entire year. Despite these positive indicators, the South Korean economy faced challenges in 2020 due to the impact of the coronavirus pandemic.