S. Korea's GDP expands 1 pct in Q3 on strong exports, investment: BOK
SEOUL, Oct. 27 (Yonhap) -- The South Korean economy grew 1 percent in the third ...
South Korea's economy expanded by 1 percent in the third quarter, according to data released by the Bank of Korea (BOK). The growth was driven by strong exports and investment, surpassing the bank's earlier forecast of 0.3 percent for the same period. This marks an improvement from the previous quarter's 0.6 percent expansion and puts the country's 2025 growth rate at 1 percent, a notable increase from its 1.8 percent growth in the first quarter of 2026.
The boom in artificial intelligence (AI) infrastructure and the resulting demand for semiconductors are key contributors to this growth. Despite weak facility investment and a downturn in the construction sector, the South Korean economy managed to grow, marking its strongest quarterly growth since the third quarter of 2020 when it expanded by 2.2 percent.
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