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South Korea Q3 GDP Grows 1.0% Quarter on Quarter

South Korea's economy grew 1.0% in the July-September quarter, up from 0.6% in the prior quarter and above the 0.7% median forecast. Advance central bank estimates cited booming chip exports.

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South Korea's economy grew faster than expected in the third quarter on booming chip exports, advance central bank estimates showed on Tuesday.Gross domestic product expanded 1.0% in the July-September quarter from the preceding three months, when it grew 0.6%. It was stronger than a median 0.7% in…