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South Korea’s economy grows 1% in third-quarter advance estimate

Yonhap reports stronger exports and investment in the central bank data.

By Ayal · October 27, 2026

Seoul’s Jamwon-dong skyline across the Han River in December 2023. Archival location context; not a photograph of current economic activity or a measurement of GDP. SpaceshipMe / Seocho-gu Skyline from Han River — Dec 2023.jpg — CC0. Source: https://commons.wikimedia.org/wiki/File:Seocho-gu_Skyline_from_Han_River_%E2%80%94_Dec_2023.jpg License: https://creativecommons.org/publicdomain/zero/1.0/ Provider-sized copy; no content edits. Display may crop to fit cards.

South Korea’s real GDP increased 1% in July–September from the previous quarter, according to advance Bank of Korea data reported by Yonhap on October 27. The year-on-year increase was 3.4%.

Yonhap reported quarterly increases of 2.3% in exports and 4.1% in facility investment, while private consumption fell 0.2%. Those differing components show why the headline growth rate should not be treated as a measure of every household’s experience. Advance estimates can be revised.

Sources & references

Yonhap — Bank of Korea advance GDP data

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