S. Korea logs fastest GDP growth in over 5 years on strong chip exports

IANS | April 23, 2026 9:16 AM

Seoul, April 23 (IANS) Despite the ongoing crisis in the Middle East, the South Korean economy posted its fastest quarterly growth in 5 and a half years in the first quarter, supported by solid exports amid a semiconductor upcycle and resilient domestic demand, central bank data showed on Thursday.