Goldman Sachs Raises South Korea's 2023 Real GDP Growth Forecast to 2.7%
On June 23, Goldman Sachs released a report indicating that the surge in AI capital expenditures is demonstrating a stronger and more enduring trend than expected for South Korea's chip cycle. The firm anticipates that the AI-driven super surplus will accelerate by the end of the year, pushing total exports to exceed $1 trillion, with the current account surplus reaching a historic high of approximately 15% of GDP. Goldman Sachs has raised its forecast for South Korea's real GDP growth in 2026 to 2.7% (+10 basis points) and in 2027 to 2.3% (+40 basis points), both above market consensus, primarily due to the stronger and more lasting impacts of AI through capital expenditures, R&D, and wealth effects. Under the latest baseline assumption regarding the reopening of the Strait of Hormuz, the firm has kept its inflation forecasts unchanged at 2.6% and 2.2%, while extending the interest rate hike cycle to 2027 and raising the terminal policy rate forecast from 3% to 3.25%.
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Hyosung TNC stake held by National Pension Service rises to 10.60% from 10.17%
National Pension Service raised its stake in Hyosung TNC to 10.60% as of Sept. 30, 2026. Holding increased to 458,722 shares from 439,981 shares, a net gain of 18,741 shares. Change was driven by on-market purchases and sales, with the reportable event dated Sept. 1, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hyosung TNC Corporation published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261006000132), on October 06, 2026, and is solely responsible for the information contained therein.
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