On July 20, Moody's Analytics stated in a report that South Korea's economic growth rate may slow from 1.8% in the first quarter to 0.9% in the second quarter. The semiconductor industry, driven by artificial intelligence, will again play a major role in exports, particularly semiconductor exports. Domestic demand in South Korea is expected to remain weak, with only a slight improvement in consumption. High energy costs are exacerbating inflationary pressures, and government measures can only provide partial relief. The preliminary GDP for South Korea's second quarter will be announced on Thursday.
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Moody's: South Korea's Economic Growth May Slow in Q2
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