Lee touts record-high exports after surpassing 2025 annual record
President Lee Jae Myung on Saturday shared on social media a report from the customs chief showing that South Korea's cumulative exports so far this year had already surpassed last year's annual record. Lee said in a post on X, formerly Twitter, titled "A report from Korea Customs Service Commissioner Lee Jong-wook," that cumulative exports had reached $709.4 billion as of 1 p.m. Saturday,…
President Lee Jae Myung announced on Saturday that South Korea's cumulative exports for the year had already surpassed last year's annual record, according to a report from the customs chief. In a post on X, formerly Twitter, Lee stated that cumulative exports had reached $709.4 billion as of 1 p.m. Saturday, exceeding the previous record of $709.3 billion set in 2025.
Despite challenges such as protectionism, supply chain restructuring and the situation in the Middle East, the agency chief highlighted the remarkable growth in exports. If the current trend continues, annual exports are expected to reach $1 trillion by early December. Currently, the United States, China and Germany have recorded annual exports of $1 trillion or more.
In the first eight months of the year, semiconductor exports rose by 169.6 percent compared to the previous year, while other major product exports also showed strong performance.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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