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Korea Q3 GDP up 1% on chip exports, beating forecasts
South Korea's economy grew 1 percent in the third quarter from the previous quarter, beating the Bank of Korea's earlier forecast of 0.3 percent, on booming semiconductor exports and increased facility investment, the Bank of Korea said Tuesday. Yonhap reports the growth was driven by strong exports and investment, while KBS World attributes it to the AI-driven semiconductor supercycle. The Korea Times notes the expansion extended a stronger-than-expected recovery. However, Maeil Business Newspaper reports that while government consumption rose 1.9 percent, private consumption fell for the first time since the fourth quarter of 2022, with citizens tightening wallets despite the headline growth.


















