Exports of goods and services climbed 6% year on year, fastest growth since third quarter of 2024. Manufacturing sector expanded 3.3% year on year. Construction sector was the biggest drag on the ...

Persistent export concentration around memory chips leaves the Korean economy acutely vulnerable to global tech cycles.

South Korea avoided a technical recession as its economy expanded by 0.6% from the previous quarter, beating expectations, according to advance estimates. This was higher than the 0.5% expected by ...

SEOUL (Reuters) -South Korea's economy grew at the fastest pace in more than a year in the second quarter, surpassing market expectations, buoyed by rebounding consumer spending and a surge in exports ...

SEOUL (Reuters) -South Korea's economy grew in the third quarter by the fastest pace in a year-and-a-half, central bank estimates showed on Tuesday, helped by strong exports and solid private ...

SK Group, another semiconductor powerhouse, and shipbuilders Hanwha Ocean and HD Hyundai also announced plans to increase ...

South Korea's state-run Korea Development Institute (KDI) is raising its growth outlook for both 2025 and 2026, marking its ...