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Korea Q3 GDP Surges 1% on Chips, Consumption Slips

South Korea's economy grew 1.0% in the third quarter, more than triple the Bank of Korea's earlier forecast, driven by booming semiconductor exports amid AI demand, Yonhap and Business Korea report. The BOK said annual growth could reach 3.6% even if Q4 is flat, above its 3.3% forecast, according to Maeil Business. However, private consumption fell 0.2% from the previous quarter, its first decline, as the chip boom fails to lift household spending, Korea Times reports.

  1. Korea's Q3 GDP Grows 1.0% on Chip Boom, Tripling BOK Forecast Business Korea · 2026-10-27
  2. (URGENT) S. Korea's GDP expands 1 pct in Q3 on strong exports, investment: BOK Yonhap · 2026-10-26
  3. Chip boom fails to lift spending as private consumption falls Korea Times · 2026-10-27
  4. 3분기 GDP 1% '깜짝성장' … 한국은행 "올 4%도 가능" 매일경제 · 2026-10-27

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