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Korea's Q3 GDP Surges 1%, but Private Consumption Falls

South Korea's economy expanded 1 percent in the third quarter, more than triple the Bank of Korea's forecast, driven by strong semiconductor exports and investment. However, private consumption fell 0.2 percent in the same period, marking its first decline in a year, as the chip boom fails to lift consumer spending.

  1. S. Korea’s Q3 Growth Beats Forecast, but Private Consumption Slumps KBS World · 2026-10-27
  2. Korea's Q3 GDP Grows 1.0% on Chip Boom, Tripling BOK Forecast Business Korea · 2026-10-27
  3. [COVER STORY] Chip exports drive Korea's Q3 growth to 1%, triple BOK forecast Korea Times · 2026-10-27
  4. (LEAD) S. Korea's GDP expands 1 pct in Q3 on strong exports, investment: BOK Yonhap · 2026-10-26
  5. Chip boom fails to lift spending as private consumption falls Korea Times · 2026-10-27
  6. S. Korea's GDP expands 1 pct in Q3 on strong exports, investment: BOK Yonhap · 2026-10-26
  7. S. Korean Economy Grows 1% in Q3 on Semiconductor Boom KBS World · 2026-10-26
  8. 3분기 GDP 1% ‘깜짝 성장’ …연간 4%도 보인다 경향신문 · 2026-10-27

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