Korea's GDP grows 1 percent in third quarter
- Last updated: October 27, 2026 | 11:26
A dealer watches computer monitors at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Oct. 27, 2026. AP
The Republic of Korea's 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.
On a year-on-year basis, the economy grew 3.4 percent in the third quarter, slowing slightly from 3.7 percent in the second quarter.
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