Analysis by Region - Asia Pacific - South Korea

Analysis by Region - Asia Pacific - South Korea



South Korea's upbeat growth momentum extended in May, particularly in exports. The first 20 days of exports suggest the country's electronics exports grew 45.5% y/y, as steady as it was in April. We maintain our optimistic view that South Korea's growth outlook is well supported by the recovery in the global semiconductor cycle and see an upside risk to our 2024 GDP forecast of 1.8% y/y.


South Korea: the chip campaign speeds up
Forecast overview
Recent developments
Short-term outlook
Key drivers of our Short-term Forecast
Economic risk
Economic risk evaluation
risk warning

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