South Korea’s Exports Hit Record US$709.4 Billion, Eye US$1 Trillion Milestone
Summary
South Korea’s cumulative exports have reached a record US$709.4 billion this year, surpassing last year’s annual high of US$709.3 billion. With strong semiconductor demand continuing, the country could hit US$1 trillion in annual exports by early December.
Key Points
- South Korea’s cumulative exports hit US$709.4 billion as of Saturday, setting a new record.
- The figure surpassed last year’s annual record of US$709.3 billion.
- A report by the Korea Customs Service said South Korea could reach US$1 trillion in annual exports by early December if the current pace continues.
- Strong demand for semiconductors is driving export growth despite external challenges, including Middle East hostilities.
