{
  "id": 6208695,
  "title": "Korea's nominal GDP grows at fastest pace in 47 years in Q2; $40,000 per capita GNI on track",
  "url": "https://urgent.news/2026/09/08/koreas-nominal-gdp-grows-at-fastest-pace-in-47-years-in-q2-40-000-per",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-08T01:42:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/economy/20260908/koreas-nominal-gdp-grows-at-fastest-pace-in-47-years-in-q2-40000-per-capita-gni-on-track"
  },
  "original_language": "en",
  "account": "South Korea's nominal gross domestic product (GDP) experienced its fastest growth in 47 years during the second quarter, propelled by robust artificial intelligence (AI) exports, according to central bank data released on Tuesday. The country is projected to achieve a per capita gross national income (GNI) of $40,000, as reported by the Bank of Korea (BOK). Real GDP, a key indicator of economic growth, expanded by 0.6 percent in the April-June period compared to the previous quarter, aligning with the BOK's earlier estimate published last month. However, the initial growth in construction and intellectual property investments was revised upwards by 0.1 percentage point each, while government consumption growth was adjusted downwards by the same margin. Despite contracting by 0.1 percent in the last quarter of 2022, South Korea rebounded with a 1.8 percent growth in the first quarter. Year-over-year, the economy expanded by 3.7 percent in the second quarter, continuing its growth trajectory following a 3.8 percent increase in the previous quarter. Exports grew by 1.3 percent from the prior quarter.",
  "summary": "Korea's nominal gross domestic product (GDP) grew at the fastest pace in 47 years in the second quarter, driven by strong artificial intelligence (AI)-related exports, with the country on track to reach $40,000 in per capita gross national income (GNI), central bank data showed Tuesday. The country's real GDP — a key measure of economic growth — rose 0.6 percent in the April-June period from…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "S. Korea's economy grows 0.6 pct in Q2, matching initial estimate: BOK",
        "url": "https://urgent.news/2026/09/07/s-koreas-economy-grows-0-6-pct-in-q2-matching-initial-estimate-bok",
        "published": "2026-09-07T23:00:05.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Korea's economy grows 0.6% in Q2, matching initial estimate: BOK",
        "url": "https://urgent.news/2026/09/07/koreas-economy-grows-0-6-in-q2-matching-initial-estimate-bok",
        "published": "2026-09-07T23:32:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}