Chip boom prompts Moody’s to lift Korea growth to 3.5%

Moody’s has raised South Korea’s 2026 growth forecast to 3.5 percent from 2.5 percent, betting that the AI-driven memory chip boom will extend into mid-2027. Earlier this month, the ratings agency projected that Korea's GDP would grow 3.5 percent this year and 2.7 percent next year in its perio