South Korea 2026 Growth Forecast Raised to 3.3% on AI Chip Demand

Economists upgrade South Korea's 2026 GDP growth to 3.3%, up from 2.8%, citing robust AI semiconductor demand. Future years also see slight upward revisions.

Woofun AI data shows that strong global demand for semiconductors is expected to accelerate South Korea's economic expansion this year. Surveyed economists project a 3.3% growth rate for 2026, a significant increase from the 2.8% forecast in July. Projections for the coming years were also slightly raised, with 2.3% growth anticipated for 2027 and 2.1% for 2028. This 2026 forecast exceeds the South Korean government's current estimate as policymakers adjust to actual growth trends driven by the AI boom.