S. Korea's GDP expands 1% in Q3 on strong exports, investment: BOK

What happened: South Korea's real GDP rose 1 percent in the third quarter from the previous quarter, driven by strong exports and investment, according to advance Bank of Korea data. Key numbers: Q3 GDP up 1 percent quarter on quarter versus 0.6 percent in the prior quarter and a BOK forecast of 0.3 percent. Year on year growth was 3.4 percent, down from 3.7 percent. Why it matters: The reading exceeded the BOK's August forecast, and the central bank may raise its 3.3 percent growth forecast when it releases new predictions next month.

South Korea's real GDP rose 1 percent in the third quarter from the previous quarter, driven by strong exports and investment, according to advance Bank of Korea data.

The reading exceeded the BOK's August forecast, and the central bank may raise its 3.3 percent growth forecast when it releases new predictions next month.