According to South Korea's Korea Development Institute (KDI), released on November 9, the country's third-quarter real GDP grew 3.4% year-over-year, while private consumption increased only 1.1% compared to 2.4% in Q2, signaling weak spillover from export and investment gains to household spending.

October exports surged 93.7% year-over-year, with semiconductor and computer shipments rising 226.8% and 442.3% respectively. September capital investment rose 10.1%, driven by semiconductor manufacturing equipment up 68.9%. However, KDI noted that gains from the semiconductor boom have not yet broadly spread to households, as international oil prices and higher market interest rates continue to constrain consumer spending capacity.

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