South Korea October 1-20 exports surge 105% on record chip sales
SEOUL: South Korea’s exports surged 105.4% in the first 20 days of this month from a year earlier, led by record chip sales driven by global AI investment, customs data showed on Wednesday. On a working-day average basis, exports were up 65.9% at a record $4.74 billion. Exports of semiconductors rose 222.5%, accounting for 44.7% of the total. South Korea stocks slip despite stellar exports as oil…
South Korea's exports skyrocketed by 105.4 percent in the first 20 days of October, 2023, as reported by customs data. The surge was primarily fueled by record sales of semiconductor chips, driven by global investments in artificial intelligence. On average, exports increased by 65.9 percent on a working-day basis, reaching a record high of $4.74 billion.
Semiconductors alone saw a remarkable 222.5 percent surge, making up 44.7 percent of the total exports. This marks the largest monthly jump in exports since February 1974, with the value exceeding $120 billion for the first time in October.
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- South Korea October 1-20 exports surge 105% on record chip sales channelnewsasia.com
