South Korea's economic growth is expected to slow but remain resilient in the second quarter, thanks to strong chip exports fueled by the AI boom. According to the median forecast of a survey of 15 economists, GDP is likely to grow 0.4% month-on-month, down from 1.8% after the first quarter's revised growth rate. According to the survey, on a year-on-year basis, GDP growth is likely to remain steady, with an increase of 3.4%, compared to 3.8% in the first quarter. “As the AI-driven semiconductor boom continues, exports will once again take the lead,” Moody's Analytics said in a report. “Citigroup raised its growth forecast for the second quarter and 2026, citing strong chip exports. GDP data for the second quarter will be released on Thursday.

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