Economy
AI-led expansion continues to drive economy while private consumption dips
People walk in a shopping area in Seoul on Oct. 1, 2025. (AP Photo/Ahn Young-joon) © AP
STEVEN BOROWIEC
October 27, 2026 08:01 JST
SEOUL — South Korea’s economy grew by 1.0% in the third quarter, maintaining a steady expansion trajectory as the global artificial intelligence-driven demand for advanced semiconductors continued to fuel the nation’s export-oriented tech sector. While the AI-led boom in technology products remains a key engine of growth, domestic private consumption showed a modest dip, highlighting a divergence between external demand and local economic activity.
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