South Korea Growth Seen Accelerating to 3.3% on Chip Boom

South Korea’s economic growth is expected to accelerate to 3.3% this year, according to a Bloomberg survey of analysts ahead of a Bank of Korea interest-rate decision later this month. The forecast ties stronger expansion to robust global demand for semiconductors, a sector that has driven growth and investment across the South Korean economy. The article indicates economists believe the chip boom will keep supporting output and exports, helping lift the year’s growth rate compared with earlier expectations. The next key development for markets is the Bank of Korea’s decision on interest rates, which could influence borrowing costs and wider economic conditions.