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KDI Cuts South Korea Growth forecast to 3.2%
The Korean Development Institute for Research forecasts South Korea's economy to grow by 3.2% in 2026, up from the previous expectation of 2.5%. This increase is driven by heightened global demand for semiconductors, leading to higher exports and increased investment in industrial facilities, which also boosts private consumption in 2027, with an anticipated growth of 2.2%. Despite American tariff measures, South Korea expects its exports to rise by 8.7% in 2026 and 5% in 2027, with global investments in artificial intelligence helping to offset the challenges.
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