The Korean economy is expected to continue solid growth for the time being as robust semiconductor exports spill over into the broader economy, the central bank said Monday. "The domestic economy is expected to see a significant increase in its growth rate this year, driven by strong semiconductor exports, and it will maintain steady growth next year as well," the Bank of Korea (BOK) said in a report submitted to the National Assembly. "As the semiconductor sector continues to expand, the positive impact of improving income conditions is expected to spread to domestic demand as a whole, including consumer spending, leading to a favorable growth trend." The BOK raised its growth forecast to 3.3 percent for 2026 and 2.9 percent for 2027, saying the semiconductor upcycle continues and the gains are spilling over into the broader economy. The country's gross domestic income (GDI), which measures the total income generated and costs incurred by all sectors within an economy, grew 13.2 percent in the first quarter of this year and 15.7 percent in the second quarter, compared with 3.5 percent i