Moody's: South Korea's Economic Growth May Slow in Second Quarter

TechFlow news, July 20, Moody's Analytics noted in a report that South Korea's economic growth rate in the second quarter may slow from 1.8% in the first quarter to 0.9%. Due to the boom in the semiconductor industry driven by artificial intelligence, exports (especially semiconductor exports) will once again play the leading role. South Korea's domestic demand is expected to remain weak, with consumption only improving slightly. High energy costs have exacerbated inflationary pressures, while government measures can only partially alleviate them. South Korea's preliminary GDP figures for the second quarter will be released on Thursday. (Jin10)