CITIGROUP economist Jin-Wook Kim raised South Korea's 2026 GDP forecast to 3.5%
from 3.1%. He said industrial output and trade have been unexpectedly resilient
after government measures in the first supplementary budget — a gasoline price
cap and cash vouchers — offset the negative hit from higher oil prices.
Semiconductor-led exports and ongoing manufacturing strength continue to
underpin growth, and additional fiscal stimulus later this year plus investment
in tech infrastructure could further boost activity, Kim wrote in a report.
