South Korea GDP Grows 1.0% Beating Forecasts

South Korea's economy grew 1.0% quarter-on-quarter in the third quarter, more than triple the Bank of Korea's own August forecast of 0.3%, powered by surging semiconductor and machinery exports. Annual growth reached 3.4%, marking a third straight quarter of expansion. The central bank is now expected to raise its 2026 growth outlook as chipmaking equipment investment keeps surging. $EWY tracks the export-driven rebound.