Asia: South Korea achieves historic export record thanks to AI demand
South Korea is benefiting more than almost any other country from the global AI boom. Chips now account for half of the country's exports - and are driving the trade surplus to a record high.
South Korea's exports reached a record high in September, driven by strong demand for AI-related products. The country's exports totaled $120.9 billion, up 83.5% from the same period last year. The surge was largely due to the growth of the semiconductor sector, with chip exports exceeding $60 billion for the first time and accounting for around half of the country's total exports.
The country's trade balance showed a record surplus of $49.9 billion in September. Samsung Electronics and SK Hynix, two of the world's leading memory chip producers, are based in South Korea.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
