South Korea Q3 GDP Beats Forecasts
South Korea's economy grew faster than expected in the third quarter as a global artificial intelligence chip boom drove strong exports and investments. Gross domestic product expanded 1.0 percent from the previous quarter, exceeding analyst forecasts.
South Korea expanded GDP 1.0% in the third quarter, beating the 0.7% median economist forecast on surging AI chip exports. It marks an acceleration from the 0.6% growth recorded in the preceding three months. The export-led expansion positions the economy to reach $1 trillion in shipments this year, offsetting persistent domestic softness.
