Korea's Economy Grows 0.6% in Q2, Matching Initial Estimate: BOK
- South Korea's nominal GDP grew 26.4 percent from a year earlier, marking the sharpest expansion in 47 years during the second quarter, according to BOK data released Tuesday.
- The Korean economy grew 0.6 percent in the April-June period from a quarter earlier, driven by strong exports of semiconductors and investments related to artificial intelligence.
- GDP expanded 3.7 percent on-year in the second quarter, extending growth momentum after first quarter gains of 3.8 percent.
- Facility investment grew 0.2 percent and intellectual property investment gained 3.4 percent, while construction investment fell 0.1 percent, matching the Bank estimate released last month.
- Based on continuing growth momentum, the Bank earlier revised up its 2026 growth estimate to 3.3 percent, citing solid exports driven by the semiconductor super cycle.
19 Articles
19 Articles
South Korea's nominal gross domestic product (GDP) surged 26.4% in the second quarter of this year compared to the same period last year, marking the highest growth rate in 47 years. This is due to a significant rise in export prices, particularly for semiconductors. The Bank of Korea [announced] the nominal [GDP] for the second quarter (April–June)
Korea's economy grows 0.6% in Q2, matching initial estimate: BOK
The Korean economy grew 0.6 percent in the second quarter from a quarter earlier, driven by strong exports and investments related to artificial intelligence (AI), central bank data showed Tuesday. The country's real gross domestic product (GDP) — a key measure of economic growth -- rose 0.6 percent in the April-June period from three months earlier, according to preliminary data from the Bank of Korea (BOK). On a yearly basis, the economy expan…
The Bank of Korea announced on the 8th that South Korea's real gross domestic product (GDP) grew by 0.6% (preliminary figure) in the second quarter of this year compared to the previous quarter. This figure matches the preliminary estimate released by the Bank of Korea in July and exceeds the forecast of 0.2%. Semiconductor exports drove the Korean economy amidst rising international oil prices caused by the war in the Middle East that began in …
(Seoul = Yonhap News) Reporter Han Ji-hoon = The South Korean economy continued its steady growth in the second quarter of this year as exports and private consumption increased together.
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- 57% of the sources lean Right
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