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Korea Q3 GDP up 1.0% on chip boom, beating forecasts
South Korea's economy grew 1.0% in the third quarter from the previous quarter, driven by strong semiconductor exports amid AI demand, according to the Bank of Korea's preliminary estimates. Yonhap reports the growth was led by exports and investment, and Business Korea notes the rate was more than triple the BOK's original forecast. The Korea Times says the expansion extended a stronger-than-expected recovery, and KBS World attributes it to the AI-driven semiconductor supercycle. Yonhap also reports the BOK sees chip export gains spilling into private consumption from next year.
- Korea's Q3 GDP Grows 1.0% on Chip Boom, Tripling BOK Forecast
- Korea's economy grows 1% in Q3 on chip exports, beating forecasts
- (URGENT) S. Korea's GDP expands 1 pct in Q3 on strong exports, investment: BOK
- (2nd LD) S. Korea's GDP expands 1 pct in Q3 on strong exports, investment: BOK
- (LEAD) S. Korea's GDP expands 1 pct in Q3 on strong exports, investment: BOK
- S. Korean Economy Grows 1% in Q3 on Semiconductor Boom
- S. Korea's GDP expands 1 pct in Q3 on strong exports, investment: BOK
- Strong chip exports expected to spill over into private consumption from next year: BOK report
