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South Korea's Economy Posts 3.4% Year-on-Year Growth in Q3, Outpacing Projections
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Author：小编
South Korea's economy demonstrated resilience in the third quarter, surpassing market forecasts as the AI-driven surge propelled semiconductor exports to new heights, compensating for sluggishness in other sectors. During this period, the GDP expanded by 1.0% on a quarterly basis and 3.4% year-on-year, outstripping economists' predictions of 0.7% quarterly growth and 3.3% annual growth. Exports stood out as the main engine of this expansion, bolstered by substantial rises in equipment investment, a revival in construction investment, and an uptick in government expenditure, albeit with a slight contraction in private consumption.
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