South Korea's GDP growth rate measures the expansion of Asia's fourth-largest economy. Published quarterly by the Bank of Korea (BOK), it reflects the country's position as a major global manufacturer and technology exporter.

Why It Matters

South Korea is often called a "bellwether" economy because its heavy reliance on exports makes its growth rate a proxy for global trade health. Korea exports semiconductors, automobiles, ships, petrochemicals, and electronics.

Key Drivers

Semiconductor exports (especially memory chips from Samsung and SK Hynix) are a major swing factor. The tech cycle and China demand heavily influence Korean GDP.

Market Impact

Strong GDP supports the won and KOSPI. Weak growth can trigger BOK rate cuts and won weakness. Korea's GDP is particularly correlated with global semiconductor demand cycles.