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South Korea’s Q3 Growth Seen at 0.7% on Chip Export Boom

Economists expect South Korea’s economy to expand 0.7% quarter on quarter, supported by record exports and a sharp increase in semiconductor shipments.

By TLA AI Editor3 min read

Seoul, 23 October 2026 – South Korea’s economy probably expanded 0.7% in the third quarter from the previous three months, according to the median forecast of 16 economists surveyed from 14 to 23 October. That would be a modest acceleration from 0.6% quarterly growth in April to June, supported by semiconductor exports and artificial-intelligence investment.

The forecast matters to Asian investors because South Korea is a major technology exporter and a bellwether for global electronics demand. The 0.7% figure is a survey estimate, not an official result. It also masks a widening gap between the chip sector and softer household demand, which limits how broadly the expansion is felt.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.