South Korea’s Economy Beats Forecasts on AI-Driven Chip Boom

South Korea's economy showed stronger-than-expected growth in the third quarter, driven by a booming AI-driven chip industry that boosted exports and investment. This surge supports the rationale for further interest-rate hikes as the government aims to manage inflation while fostering this high-tech sector. The AI-driven chip boom underscores the country's strategic pivot towards advanced technology, signaling a significant economic shift that could have global implications for tech markets and economic policy.