S. Korea's Q4 economic growth slowest in over 2 yrs

From Yonhap:

The South Korean economy expanded at the slowest pace in more than two years in the fourth quarter, central bank data showed Friday, raising concerns over faltering growth.
Asia's fourth-largest economy grew 0.4 percent during the October-December period, sharply decelerating from the 0.9 percent on-quarter growth in the July-September period, according to the Bank of Korea (BOK). The figures are seasonally adjusted.
The fourth-quarter expansion marks the lowest on a quarterly basis since the 0.4 percent gain in the third quarter of 2012.
The central bank attributed the lackluster growth mainly to flagging exports.
Exports of goods slipped 0.6 percent in the fourth quater from three months earlier, falling for a second straight quarter, according to the central bank. Exports are the country's key driving force for growth.
"But with slowing shipments to China, which accounts for roughly 26 percent of all exports, overall growth was sluggish," said Jung Yung-taek, the director general of the BOK's economic statistics division.
Jung said the central bank is closely monitoring as key industries, with the exception of semiconductors, are "being quite challenged."

http://english.yonhapnews.co.kr/business/2015/01/23/43/0503000000AEN20150123001152320F.html