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S. Korea's economy shrank 3.2% in Q2, worst performance since 2008 Updated: 2020-09-01 10:03:58 KST

South Korea's economy in the second quarter contracted by the largest amount since the 2008 financial crisis.
The Bank of Korea said Tuesday that the country's real GDP fell 3.2 percent on-quarter.
It was mainly caused by the biggest drop in exports in 56 years.
They plummeted 16.1 percent on declining demand for automobiles and mobile phones.
The Trade Ministry says exports for August were a little better, around 37 billion U.S. dollars, with the daily average down 3.8 percent on-year.
That's the smallest drop since the start of the pandemic.
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