Search
On May 13, the Korea Development Institute (KDI), a state-run think tank in South Korea, announced on Wednesday that, buoyed by strong semiconductor industry growth and a rebound in domestic consumption, South Korea’s economy is projected to expand by 2.5% in 2026. This marks an upward revision from the 1.9% growth forecast in February. KDI highlighted that, despite challenges posed by Washington’s tariff policies, South Korea’s exports are experiencing steady growth, primarily driven by the semiconductor sector. With government subsidy policies in place, domestic consumption in South Korea is expected to increase by 2.2% in 2026 and 1.5% in 2027. Meanwhile, facilitated by the semiconductor industry, facility investment is anticipated to rise by 3.3% in 2026 and 2.4% in 2027. Additionally, KDI predicts that South Korea’s economy will grow by 1.7% in 2027.
-
C114 Communication Network -
Communication Home
