Woofun AI reports that the South Korean government has increased its 2026 economic growth projection to 3%, a one-percentage-point increase from prior estimates. This figure surpasses forecasts from the International Monetary Fund, the Organisation for Economic Co-operation and Development, and the Asian Development Bank.

First Vice Minister of Economy and Finance Lee Hyoung-il attributed the upward revision to robust export growth driven by a semiconductor industry boom and reduced uncertainties regarding the Middle East situation.