South Korea's economy grew an estimated 1% quarter-on-quarter in third quarter

South Korea's economy grew an estimated 1% from the previous quarter and 3.4% from a year earlier in July through September 2026, Al Jazeera reports. That beat the Bank of Korea's August forecast for quarterly growth of 0.3%. Al Jazeera places the growth amid strong demand for chips used in AI. Exports rose 2.3% quarter-on-quarter, driven by semiconductors, machinery and electrical equipment, while private consumption fell 0.2%. The GDP figures are advance estimates.