Global IBs raise Korea's growth outlooks on chip boom

What happened: Global investment banks raised their forecasts for South Korea's economic growth, citing a strong semiconductor upcycle, according to a Korea Center for International Finance report. Key numbers: Median 2026 forecast rose to 3.5 percent in September from 3.3 percent in August. Why it matters: The revisions reflect expectations that the global semiconductor cycle will stay stronger and more resilient than previously anticipated, with forecasts climbing steadily since April.

Global investment banks raised their forecasts for South Korea's economic growth, citing a strong semiconductor upcycle, according to a Korea Center for International Finance report.

The revisions reflect expectations that the global semiconductor cycle will stay stronger and more resilient than previously anticipated, with forecasts climbing steadily since April.