South Korea’s economy grew point-six percent in the second quarter from three months earlier.
 
The Bank of Korea(BOK) said on Friday that the nation’s gross domestic product came to 403-point-five trillion won in the April-June period, up point-six percent from the previous quarter. The figures confirmed the central bank's advance estimate released in July. 
 
Second-quarter growth slowed significantly from a one-point-one percent expansion in the first quarter. But the BOK said the result isn't bad considering the base effect, and improvements in private consumption and capital investment. 
 
Private consumption expanded one percent in the second quarter, accelerating from point-four percent in the previous quarter. It was the first time that the figure reached the one percent level since the fourth quarter of 2015. 

The economy grew two-point-seven percent on-year.