- South Korea's economy grew 1% in the three months ended September from the previous quarter, the Bank of Korea said, exceeding the 0.8% median estimate in a Bloomberg survey of economists.
- Growth accelerated from 0.6% in the April-June period, with an AI-fueled chip boom supporting exports and investment.
- The stronger print backs the case for further interest-rate increases by the Bank of Korea.
Quotes
“expanded 1% in the three months ended September from the previous quarter”