South Korea posts biggest economic decline since 2008

SEOUL (Reuters) - The coronavirus pandemic pushed South Korea's economy into its biggest contraction since 2008 in the first quarter, as self-isolation hit consumption and kept businesses closed and global trade slumped.Gross domestic product decreased by a seasonally adjusted 1.4% in the first quarter from three months earlier, the central bank said on Thursday, a slightly smaller decline than the 1.5% contraction seen in a Reuters survey and reversing 1.3% growth in the fourth..