# South Korea’s GDP growth beats forecasts amid AI boom

https://mins.news/en/item/116944

- Al Jazeera, 2026-10-27 06:50 UTC
- Economy
- Original: https://www.aljazeera.com/economy/2026/10/27/south-koreas-gdp-growth-beats-forecasts-amid-ai-boom?traffic_source=rss

> South Korea’s GDP grew 1% quarter-on-quarter and 3.4% year-on-year in the third quarter, exceeding the Bank of Korea’s August forecast of 0.3% quarterly growth. Strong demand for AI-related semiconductors boosted exports, while private consumption fell 0.2%.

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