South Korea's economy shrank more than previously estimated in the first three months of 2019.<br />According to the Bank of Korea's revised figures, GDP decreased by zero-point-four percent in the first quarter, down from the previously estimated drop of zero-point-three percent.<br />It's South Korea's worst quarterly GDP since the 2008 global financial crisis.<br />Construction investment and exports fared worse than estimated.<br />Exports plunged more than three percent on lower shipments of semiconductors and LCDs.<br />Construction investment shrank zero-point-eight percent, and facilities investment dropped nine percent, driven by decreases in machinery and transportation equipment. On-year, GDP grew 1-point-seven percent, but real gross national income fell zero-point-three percent.<br />
