South Korea GDP Grows 1.0% in Third Quarter, Above Expectations
South Korea's GDP expanded 1.0% in July-September from the previous quarter, after 0.6% growth in the prior quarter. Strong semiconductor exports tied to the AI boom offset weakness elsewhere.
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11:10:34 PM UTC
SquawkNews
South Korea GDP (Q/Q) Q3 A: 1.0% (est 0.8%; prev 0.6%)
By Kwanwoo JunSouth Korea's economy grew faster than expected in the third quarter, as the artificial-intelligence boom continued to drive strong semiconductor exports, offsetting weakness elsewhere.Gross domestic product expanded 1.0% in July-September from the previous quarter, following 0.6% gro…