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South Korea Export Surge

South Korea 🇰🇷 Technology

4 articles from 1 country

South Korea’s August exports rise 68.7% year on year to $98.25 billion, nearing the $100 billion mark. Semiconductor shipments reach a record $46.7 billion, driving the country’s trade growth.

🇰🇷 South Korea/Korean

August exports approach $100 billion as semiconductor shipments set another record

South Korea’s semiconductor exports reached a monthly record of $46.65 billion in August, helping push total exports close to the $100 billion mark. Strong global demand for high-value memory chips, including high-bandwidth memory, drove the increase. The Ministry of Trade, Industry and Energy said exports rose 68.7% from a year earlier to $98.25 billion. Imports grew 22.5% to $63.51 billion, leav…