South Korea's economy barely grew in the fourth quarter of 2024, missing market expectations, as domestic demand was hurt in part by the country's worst political crisis in decades, raising bets for more fiscal and monetary support to revive growth.

South Korea's economy grew less than expected in the fourth quarter, data showed Thursday, as it was hit by the fallout from President Yoon Suk Yeol's brief declaration of martial law that hit consumer confidence and domestic demand.

South Korea’s economy continued to sputter last quarter, after President Yoon Suk Yeol’s short-lived declaration of martial law battered consumer confidence at a time when export growth is slowing.

Son Chang-wan was in office while works were undertaken at Muan International Airport. Last month, a plane crashed into a concrete barrier there, killing 179 people.