South Korea's Chip Export Boom Set to Lift Q3 GDP Growth to 0.7%

Name: South Korea's Chip Export Boom Set to Lift Q3 GDP Growth to 0.7%
Uploaded: 2026-10-23T08:02:33.791097+00:00
Description: South Korea's economy was forecast to grow 0.7% quarter on quarter in the third quarter of 2026, up from 0.6% in the second, as record semiconductor exports offset uneven domestic demand. The Bank of Korea held its policy rate at 3.00% on Oct. 22 while raising its 2026 growth forecast to 3.3%.

South Korea's economy was forecast to grow 0.7% quarter on quarter in the third quarter of 2026, up from 0.6% in the second, as record semiconductor exports offset uneven domestic demand. The Bank of Korea held its policy rate at 3.00% on Oct. 22 while raising its 2026 growth forecast to 3.3%.

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