Second-quarter nominal GDP increased 26.4%, the highest in 47 years.

South Korea's nominal GDP growth rate in the second quarter increased by 26.4% compared to the same period last year, marking the highest level in 47 years. The country's real GDP grew by 0.6% from the previous quarter and 3.7% from the same period last year. The real GNI increased by 3.1% from the previous quarter and 15.6% from the same period last year, the highest increase since the fourth quarter of 1988.

The Bank of Korea reported that the increase in GNI was due to improved trade conditions, particularly in the semiconductor sector.