[Goldman Sachs Raises South Korea's Real GDP Growth Forecast for This Year to 2.7%] According to a report by Jinse Finance on June 23, Goldman Sachs stated that the AI-driven capital expenditure boom is showing stronger and more sustained momentum than expected for South Korea's semiconductor cycle. The firm predicts that the AI-driven super surplus will accelerate by the end of the year, pushing total exports to exceed $1 trillion and the current account surplus to reach a historic high of approximately 15% of GDP. Goldman Sachs has raised South Korea's real GDP growth forecast for 2026 to 2.7% (+10 basis points) and for 2027 to 2.3% (+40 basis points), both higher than market consensus. The primary reason is the stronger and more sustained impact of AI through capital expenditure, research and development, and wealth effects. Under the latest baseline assumption regarding the reopening of the Strait of Hormuz, the firm maintains its inflation forecasts at 2.6% and 2.2%, respectively. Additionally, it has extended the rate hike cycle to 2027 and raised its terminal policy rate forecast from 3% to 3.25%.