South Korea forecasts 2026 economic growth at 5-year high on AI chip boom
SEOUL, July 14 (Reuters) - South Korea pledged on Tuesday to swiftly advance artificial intelligence investments to bolster economic performance, as it raised its 2026 growth forecast to a five-year high of 3.0% on the back of a global semiconductor boom. In semi-annual economic policy plans released earlier, the finance ministry projected this year’s economic growth at 3.0%, the strongest since 2021 and up from the previous forecast of 2.0% as well as last year’s 1.1% pace.
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SEOUL, July 14 (Reuters) - South Korea pledged on Tuesday to swiftly advance artificial intelligence investments to bolster economic performance, as it raised its 2026 growth forecast to a five-year high of 3.0% on the back of a global semiconductor boom. In semi-annual economic policy plans released earlier, the finance ministry projected this year’s economic growth at 3.0%, the strongest since 2021 and up from the previous forecast of 2.0% as well as last year’s 1.1% pace. The ministry said it would push policies aimed at three key goals, including lifting the economy’s potential growth rate to 3% from an estimated level below 2%. As part of that effort, the government will fast-track three "mega projects" unveiled last month covering semiconductor, AI data centre and physical AI investments, the ministry said.
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- SEOUL, July 14 (Reuters) - South Korea pledged on Tuesday to swiftly advance artificial intelligence investments to bolster economic performance, as it raised its 2026 growth forecast to a five-year high of 3.0% on the back of a global semiconductor boom. In semi-annual economic policy plans released earlier, the finance ministry projected this year’s economic growth at 3.0%, the strongest since 2021 and up from the previous forecast of 2.0% as well as last year’s 1.1% pace.
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South Korea forecasts 2026 economic growth at 5-year high on AI chip boom
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