This quarter's GDP up 1.0%, up 3.4% from the same period last year
South Korea's economic growth rate for the third quarter of this year has been reported to be 1.0%. This exceeds expectations and is driven by strong export growth, particularly in the semiconductor industry. The growth rate for the third quarter is 3.4% compared to the same period last year, surpassing the Bank of Korea's forecast of 0.3% and 2.6% made in August. The Bank of Korea now expects the annual growth rate to exceed its initial forecast of 3.3%.
Written by urgent.news from Hankyoreh's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
