South Korea’s economy grew 3.4% year-on-year, beating forecasts amid strong semiconductor demand. Consumption contracted, highlighting an uneven expansion that may complicate the path for further interest-rate hikes.
WHO:South Korea’s economy
WHAT:South Korea’s GDP grew 3.4% year-on-year, exceeding forecasts.
WHEN:Reported Oct 26, 2026 at 11:35 PM ET
WHERE:South Korea
WHY:Strong semiconductor demand supported growth, while contracting consumption made the expansion uneven.
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