South Korea Sept 1-20 exports hit record high
SEOUL: South Korea's exports for the first 20 days of this month hit a record on a surge in chip sales, customs data showed on Monday.
South Korea's exports for the first 20 days of September reached a record high. According to customs data, exports rose 78.3 per cent from a year earlier to $71.4 billion. The surge was driven by a 259.4 per cent increase in semiconductor shipments.
This represents the highest 20-day export performance on record. On average, exports were up 89.8 per cent per working day. The data was reported by the Korea Customs Service.
The significant increase in exports was attributed to the strong demand for semiconductors. South Korea's export growth has been driven by the recovery in global demand for electronics and other high-tech products.
Brief written by urgent.news from New Straits Times, KBS World Radio, Channel News Asia, Yonhap News, Qatar Tribune — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
