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South Korea ICT exports rise 162.6%
South Korea's exports of information and communication technology products in August reached a new record, totaling $59.98 billion, an increase of 162.6% compared to the previous year. These products accounted for more than 60% of total exports for the first time, and the trade surplus in this sector exceeded $40 billion for the first time. Semiconductor exports surged by 209%, driven by strong demand for AI chips, while exports of computers and communication equipment rose by 383.1%. The main destinations for these increases were China, the United States, Vietnam, the European Union, and India.
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