South Korea on Tuesday unveiled an ambitious economic strategy centred on artificial intelligence and semiconductor investments, while raising its 2026 economic growth forecast to 3.0%, the fastest pace in five years, as the country rides a global semiconductor boom, Reuters reported.
In its semi-annual economic policy plans, the finance ministry projected the economy to expand 3.0% this year, sharply higher than its previous estimate of 2.0% and an improvement from last year's 1.1% growth. The revised forecast marks the strongest annual expansion since 2021, according to Reuters.
