South Korea GDP Surges

The 1.3% quarterly expansion was led by robust exports of high-end memory chips essential for artificial intelligence development.

Analysts noted that the performance has lifted global confidence in the resilience of the Asian tech sector despite the ongoing war in Iran.

While domestic consumption remains under pressure from inflation, the industrial surge has pushed Korean stocks to record highs.

The central bank has signaled that it will maintain its current policy stance to support the nascent recovery while monitoring geopolitical risks.