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Quilla NewsFinance & Technology
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South Korean economy grows three times faster in Q3 thanks to chips

FinanceInternationalFrance 2430 s readAI summary
Image: France 24

South Korea's GDP grew 1.0% between July and September compared with the previous quarter, according to preliminary figures from the Bank of Korea, above the 0.3% the central bank had forecast in August. Growth was supported by a 2.3% rise in exports, driven by semiconductors, machinery and electrical equipment, and by a 4.1% increase in infrastructure investment. Year on year, the economy grew 3.4%.

In 30 seconds

  • GDP grew 1.0% quarter on quarter, versus the 0.3% forecast by the Bank of Korea in August
  • Exports rose 2.3%, driven by semiconductors, machinery and electrical equipment
  • Infrastructure investment jumped 4.1% in the quarter
Read the full story at France 24

IASummary generated by artificial intelligence from a story by France 24. It may contain errors: the original source prevails.

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