South Korea Sets New Export Record, Surpassing $709 Billion
Summary
South Korea’s exports have reached $709.4 billion, surpassing last year’s annual record with three months still left in the year. Strong semiconductor demand is driving the country toward a possible $1 trillion export milestone.
Key Points
- South Korea’s total exports have climbed to $709.4 billion, exceeding last year’s full-year record of $709.3 billion.
- The Ministry of Trade, Industry and Resources and the Korea Customs Service said exports have grown strongly despite global economic uncertainty and trade tensions.
- Semiconductors and electronic products are the main drivers of the export surge.
- The president said on social media that South Korea could cross $1 trillion in exports in early December if the pace continues.
