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Korea Q3 GDP Grows 1% on Chip Exports, Consumption Slumps

South Korea's economy expanded 1 percent in the third quarter, driven by strong semiconductor exports and investment, according to the Bank of Korea (BOK). The growth rate was more than triple the BOK's original forecast. However, private consumption fell 0.2 percent in the quarter, marking its first decline in three years, as the chip boom has not yet benefited consumers.

  1. [COVER STORY] Korea's economy grows 1% in Q3 on chip exports, beating forecasts Korea Times · 2026-10-27
  2. (2nd LD) S. Korea's GDP expands 1 pct in Q3 on strong exports, investment: BOK Yonhap · 2026-10-27
  3. S. Korean Economy Grows 1% in Q3 on Semiconductor Boom KBS World · 2026-10-26
  4. S. Korea’s Q3 Growth Beats Forecast, but Private Consumption Slumps KBS World · 2026-10-27
  5. Chip boom fails to lift spending as private consumption falls Korea Times · 2026-10-27
  6. Korea's Q3 GDP Grows 1.0% on Chip Boom, Tripling BOK Forecast Business Korea · 2026-10-27

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