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Bank of Korea Sees Significantly Higher GDP Growth on Chip Boom

Bloomberg Technology
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South Korea’s central bank forecasts significantly higher GDP growth in 2026, driven by a semiconductor boom and stronger global demand, marking a sharp rebound from last year’s slower expansion. The Bank of Korea cited an unusually robust semiconductor cycle, predicting sustained strength through 2026, unlike typical short-lived upswings in previous years. Exports, a key economic pillar, are expected to surge as global chip demand—fueled by AI, quantum computing, and advanced electronics—outpaces earlier projections. Lawmakers were briefed on the outlook, with officials emphasizing the chip sector’s outsized role in lifting industrial output and trade balances amid a resilient global economy. Analysts note the growth upgrade reflects both cyclical recovery in tech markets and structural shifts, including accelerated adoption of next-gen computing technologies.
Bank of Korea Sees Significantly Higher GDP Growth on Chip Boom

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000South Korea’s export-driven economy is expected to post “significantly higher” growth this year compared to last, supported by a chip boom and a stronger-than-anticipated global backdrop, the central bank said.The Bank of Korea told parliament that the semiconductor market is exhibiting a more robust cycle than previous upswings and is likely to remain stronger than usual at least through this year.

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Source: Bloomberg Technology