South Korea: AI cycle supports stronger GDP outlook – DBS
DBS Group Research economist Ma Tieying reviews South Korea’s preliminary 3Q GDP data, highlighting solid growth and strong exports led by semiconductor shipments, alongside weaker private consumption after the KOSPI correction.
DBS Group Research economist Ma Tieying reported that South Korea's preliminary 3Q GDP data indicates solid growth and strong exports, primarily driven by semiconductor shipments. Despite weaker private consumption following the KOSPI correction, the AI-driven growth cycle appears to be intact. DBS has revised South Korea's 2026 GDP forecast to 3.8% from 3.5% and the 2027 forecast to 2.9% from 2.4%.
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