South Korea Posts Strongest GDP Growth Since 2020 on Chip Export Boom
Updated
Updated · Bloomberg · Apr 23
South Korea Posts Strongest GDP Growth Since 2020 on Chip Export Boom
26 articles · Updated · Bloomberg · Apr 23
South Korea's economy grew 1.7% in the first quarter of 2026, the fastest pace in over five years.
Growth was driven by a 5.1% surge in semiconductor exports and a rebound in facility investment, while private consumption rose modestly.
Despite Middle East tensions, external demand for chips and AI components underpinned growth, though domestic demand and government spending remained subdued.
Is South Korea's AI boom a miracle or a bubble vulnerable to global shocks?
How will the AI boom reshape South Korea's society beyond just its economy?
Can South Korea power its massive AI ambitions without sacrificing its climate goals?
As Seoul invests $350 billion in the U.S., is it boosting a partner or a future competitor?
Why aren't consumers spending more despite the nation's soaring income from exports?
With the Strait of Hormuz closed, how long can the economy run on emergency measures?