SEOUL, Oct. 27 (Yonhap) -- The South Korean economy grew 1 percent in the third quarter from a quarter earlier driven by strong exports and investment, central bank data showed Tuesday.
The country's real gross domestic product (GDP) -- a key measure of economic growth -- rose 1 percent in the July-September period from three months earlier, according to advance data from the Bank of Korea (BOK).
The third-quarter reading marked an increase from the previous quarter's 0.6 percent expansion and exceeded the BOK's earlier forecast of 0.3 percent made in August.
Asia's fourth-largest economy grew 1 percent in 2025 amid weak facility investment and a downturn in the construction sector.
Fueled by the artificial intelligence (AI) infrastructure boom and resulting global demand for semiconductors, the South Korean economy grew 1.8 percent in the first quarter of 2026, marking its strongest quarterly growth since the third quarter of 2020, when the economy expanded 2.2 percent.
Containers are stacked at a port in the southeastern coastal city of Busan, in this Oct. 1, 2026, file photo. (Yonhap)
brk@yna.co.kr
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Source: Yonhap News · Kim Boram
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