Seoul, July 14, 2026 (AFP) - South Korea hikes 2026 growth outlook to 3% on AI chip boom

NAMPA / AFP

2026-07-14

South Korea raised its 2026 growth forecast by one percentage point to three percent on Tuesday, buoyed by strong performances from memory chipmakers as artificial intelligence demand soars. Record profits from semiconductor giants Samsung Electronics and SK hynix -- whose advanced memory chips are essential for the fast-evolving AI sector -- have fuelled optimism over the country's economic outlook. The government has unveiled an ambitious econo......

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