South Korea posts biggest GDP fall since 2008 as pandemic cripples demand

SEOUL (Reuters) - The coronavirus pandemic pushed South Korea's economy into its biggest contraction since 2008 in the first quarter, as self-isolation measures hit consumption and global trade slumped.Finance minister Hong Nam-ki said in a policy meeting Asia's fourth-largest economy should brace for a bigger shock from the second quarter as demand from major trading partners plummets.South Korea's virus containment measures are being closely watched by governments elsewhere as it has managed..