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Korea Q3 GDP Surprises with 1% Growth on Chip Boom

South Korea's economy grew 1.0% in the third quarter, more than triple the Bank of Korea's original forecast, driven by robust semiconductor exports amid an AI-driven supercycle, Yonhap and Business Korea report. The BOK said growth was supported by strong exports and investment, with annual growth now expected to reach 3.6% even if Q4 is flat, according to Maeil Business Newspaper. Kyunghyang Shinmun notes real purchasing power saw its biggest rise in about 49 years, though KBS World reports private consumption slumped despite the overall beat.

  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. 3분기 GDP 1% ‘깜짝 성장’ …연간 4%도 보인다 경향신문 · 2026-10-27
  4. 3분기 GDP 1% '깜짝성장' … 한국은행 "올 4%도 가능" 매일경제 · 2026-10-27
  5. S. Korea’s Q3 Growth Beats Forecast, but Private Consumption Slumps KBS World · 2026-10-27

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