South Korea’s economy grew at a modest pace in the last quarter, with a 0.9% expansion in July-September, driven by strong exports and increased household consumption. Year-on-year GDP growth was forecasted at 1.5%. Exports saw a 12.6% increase in September, led by demand for chips used in artificial intelligence. The Bank of Korea held interest rates steady at 2.50% to stabilize the housing market and currency. A trade deal between South Korea and the U.S. is pending, with Seoul resisting upfront investment demands of $350 billion. Economists expect a delay in interest rate cuts until January 2026.

Read more at Yahoo Finance: South Korea’s economy grew modestly in Q3 as exports, consumption stay resilient: Reuters poll