Search results for construction investment
Industry
Korea semiconductors set to accelerate Q2 export momentum as supplementary budget kicks in
South Korea\'s semiconductor exports, which lifted quarterly GDP growth in the first quarter, are expected to gain further momentum in the second quarter as execution of a supplementary budget begins, Hana Securities said. It said rising semiconductor export prices are outpacing the recovery in volumes, raising the chance of a combined rebound in facility investment and domestic demand. It also cited sharp gains in memory chip contract prices and stronger April export values.
Economy
South Korea Q1 economic growth at 1.7 percent, highest in 5 and a half years
South Korea\'s real gross domestic product grew 1.7 percent in the first quarter, the Bank of Korea said on Wednesday, nearly double its February forecast of 0.9 percent. Exports rose 5.1 percent, the biggest increase since the third quarter of 2020, and net exports contributed 1.1 percentage points to growth. Domestic demand also improved, led by higher investment and consumption.
Finance
BOK holds base rate at 2.5 percent for sixth straight meeting, raises 2026 growth forecast
The Bank of Korea\'s Monetary Policy Board on Wednesday held the base interest rate at 2.5 percent for a sixth consecutive meeting. It said inflation is maintaining a stable trend around the target level and growth is improving more than expected, while financial stability risks persist. The board forecast 2026 economic growth at 2.0 percent, above its 1.8 percent estimate presented in November, and projected consumer inflation at 2.2 percent and core inflation at 2.1 percent.
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Finance
Bank of Korea likely to raise 2026 growth forecast to 1.9 to 2.0 percent; focus on U.S. tariff assessment
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Industry
South Korea\'s 2025 growth in 1 percent range; Q4 contracts on weak construction investment
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Finance
Bank of Korea holds base rate at 2.50 percent, citing growth improvement and financial stability risks
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Finance
Third-quarter growth at 1.3 percent; annual 1.1 percent possible if fourth quarter stays above zero