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South Korea’s economy grew 1.0% from the previous quarter in July–September, up from 0.6% in Q2, according to advance Bank of Korea figures reported by Yonhap. Chip-led exports and investment are doing the heavy lifting: exports rose 2.3% and facility investment 4.1%. But private consumption fell 0.2%. So yes, the chip boom is showing up in a country’s growth figures. Your household may still have to explain that groceries cannot be paid for with impressive semiconductor momentum. The 1.0% is quarterly growth, not an annual rate; GDP rose 3.4% from a year earlier. An AI boom can be real without everybody being invited to the buffet.

Semiconductor cargo loaded at Incheon airport in a July 31, 2026 file photo. Pool/Yonhap; not a photograph of today’s GDP release.

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Yonhap / Bank of Korea figures ↗ · Source dated

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South Korea’s economy grew 1.0% from the previous quarter in July–September, up from 0.6% in Q2, according to advance Bank of Korea figures reported by Yonhap. Chip-led exports and investment are doing the heavy lifting: exports rose 2.3% and facility investment 4.1%. But private consumption fell 0.2%. So yes, the chip boom is showing up in a country’s growth figures. Your household may still have to explain that groceries cannot be paid for with impressive semiconductor momentum. The 1.0% is quarterly growth, not an annual rate; GDP rose 3.4% from a year earlier. An AI boom can be real without everybody being invited to the buffet. · ournews.ai