South Korea's Q1 GDP Growth Jumps from 34th to 2nd in OECD — Semiconductor Boom Fuels 3% Annual Forecast

South Korea's economy surged in Q1, climbing to 2nd place among OECD nations. A semiconductor-driven export boom pushed cumulative current account surplus to a record high through April, with OECD projecting the surplus to reach 10% of GDP next year.