AI boom sustains Korea's growth despite global headwinds: IMF official
BANGKOK — Korea appears to be weathering global economic headwinds thanks to the artificial intelligence (AI) boom, with the technology investment cycle unlikely to lose steam in the near term, a senior official at the International Monetary Fund (IMF) has said. "Trade tensions among countries are putting negative pressure on the global economy," Choi Ji-young, executive director of the IMF Asia…
Bangkok — Despite global economic headwinds, South Korea is thriving, according to a senior International Monetary Fund (IMF) official. Choi Ji-young, executive director of the IMF's Asia and the Pacific Constituency Office, told reporters in Bangkok that the country's rapid growth is fueled by the artificial intelligence (AI) boom.
Trade tensions, including the Middle East crisis and the Russia-Ukraine conflict, pose uncertainty for the global economy, but AI-driven semiconductor exports in South Korea are boosting its outlook. The IMF recently upgraded its growth forecast for South Korea to 3.3% for 2026, a 0.7 percentage point increase from July's estimate, driven by strong demand for AI infrastructure.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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