South Korea's Q3 GDP rises 1.0% quarter on quarter, beating forecasts
South Korea's economy grew faster than expected on booming chip exports, the Bank of Korea said in advance estimates released Tuesday.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
According to advance estimates from the Bank of Korea, gross domestic product rose 1.0% in July–September from the previous quarter, when it had grown 0.6%. A Reuters poll of economists had pointed to a median increase of 0.7%.
On a year-on-year basis, GDP expanded 3.4%, after a 3.7% gain in the prior quarter. Economists had expected growth of 3.0%. The main driver was strong expansion in semiconductor exports.
why it matters
Strong data reduces the likelihood of an early easing of monetary policy in Korea and supports investor interest in the export sector, especially chipmakers. For the won and the KOSPI index, the signal of resilient activity matters given external demand.
market impact
Korean stocks and the won: strong growth supports exporters and the national currency
tags
instruments
sources
- South Korea Q3 GDP +1.0% q/q, stronger than expected — Reuters, 26 October 2026 at 23:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗