ICT exports log record-high growth in Oct. amid AI boom

South Korea's ICT exports experienced record-high growth in October, driven by the global AI boom. Outbound shipments of ICT products reached US$70.35 billion, more than tripling from $23.29 billion a year earlier, according to data from the Ministry of Science and ICT. The report also highlighted that ICT exports accounted for 61% of the country's total outbound shipments of $115.28 billion in October, maintaining a proportion above 60% for three consecutive months.

Notably, semiconductor exports surged by 259.4% on-year, reaching $56.47 billion, while computer and accessory exports grew more than fivefold to $5.99 billion, primarily due to high-capacity solid-state drives for servers.

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