Korea's Q1 GDP grows 1.7%, nearly double forecast on surging chip exports
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Despite risks stemming from the Middle East war, Korea's economy grew at its fastest pace in more than five years in the first quarter, lifted by a semiconductor export boom, central bank data showed Thursday. According to preliminary data from the Bank of Korea (BOK), real gross domestic product (GDP) rose 1.7 percent in the January–March period from the previous quarter, nearly double the bank's forecast of 0.9 percent. It marked the strongest quarterly expansion since the third quarter of 202
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