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.

Seoul shares up on chip gains, US ceasefire extension

IANS | April 23, 2026 9:07 AM

Seoul, April 23 (IANS) South Korean stocks rose on Thursday, led by gains in large-cap technology shares, as investors focused on corporate earnings following the United States' indefinite extension of its ceasefire in the conflict with Iran.