I just saw South Korea's latest GDP figures, and the situation isn't as bad as expected. The contraction was only 0.2% in Q4, while the market was betting on a 0.3% decline. Compared to the previous quarter, which also fell by 0.3%, you could say things are stabilizing a bit.

South Korea's GDP has been under pressure, but this lighter-than-expected result is a sign that perhaps the worst is over. Analysts are watching these data closely to better understand how the economy will perform in the coming quarters. It's a slight relief, but it's worth staying alert.