South Korea’s GDP growth beats forecasts amid AI boom
0 / 12
English
中文
South Korea’s economy grew much faster than expected in the July-September quarter amid booming demand for chips used in artificial intelligence (AI).
（暂无翻译）
Gross domestic product (GDP) expanded 1 percent on a quarterly basis, or 3.4 percent year-on-year, advance estimates released by the Bank of Korea showed on Tuesday.
（暂无翻译）
The Bank of Korea forecast in August that GDP would grow 0.3 percent in the third quarter.
（暂无翻译）
Exports, which account for about 45 percent of South Korea’s GDP, rose 2.3 percent quarter-on-quarter, driven by semiconductors, machinery and electrical equipment, according to the central bank.
（暂无翻译）
Investment in facilities and intellectual property rose 4.1 percent and 2.3 percent, respectively, while investment in construction edged up 0.7 percent.
（暂无翻译）
Despite the robust growth in exports and investment, private consumption fell 0.2 percent.
（暂无翻译）
The latest results put the South Korean economy well on track to achieve its biggest economic expansion in more than a decade.
（暂无翻译）
South Korean Finance Minister Lee Hyoung-il said earlier this month that he expected growth to reach 3.4-3.6 percent in 2026, which would be the strongest performance since 2011, excluding the COVID-19 pandemic.
（暂无翻译）
South Korea’s economy grew 1 percent in 2025, its slowest expansion since the pandemic.
（暂无翻译）
Asia’s fourth-largest economy has capitalised on the AI boom amid a global shortage of memory chips.
（暂无翻译）
South Korea is home to two of the three largest memory chip makers, SK Hynix and Samsung Electronics, which together control roughly 80 percent of the global market for high-bandwidth memory and 60 percent of the market for dynamic random-access memory.
（暂无翻译）
South Korea’s exports in September surged 83.5 percent year-on-year to $120.9bn, with chips accounting for nearly half of all shipments, according to the Korea Customs Service.
（暂无翻译）
仅供学习使用，如有侵权请联系删除 · 查看原文