Korda's decision to withdraw came a day after she won the year's first major, The Chevron Championship, where she had to complete 25 holes on Sunday after third-round play on Saturday was suspended due to inclement weather.
"It was not an easy decision. After the unbelievable week at The Chevron and grinding through the mental and physical challenges of four events in the past five weeks, I am definitely feeling exhausted," Korda wrote on social media.
"With so much still to come throughout 2024, I feel I need to listen to my body and get some rest, so I can be ready for the remainder of the season."
Korda said she expects to compete next at the May 9th to 12th Cognizant Founders Cup in New Jersey.
The American's two-shot victory at The Chevron Championship made her the third player since 1978 to win five consecutive events on the LPGA Tour, joining Nancy Lopez (1978) and Annika Sorenstam (2004/2005).
Talking to reporters after the win, Korda was asked about the prospect of going for a sixth consecutive LPGA win at this week's JM Eagle LA Championship at Wilshire Country Club.
"I'm going to enjoy this right now and then I'll think about that," Korda said on Sunday.
"But yeah, it's been an amazing time. Hopefully, keep the streak alive. But I've been so grateful to compete week in and week out and get the five in a row, too."
