Korea's IT exports hit $59.98B in August
South Korea recorded a new all-time high in exports of information and communication technology products in August, reaching $59.98 billion, an increase of 162.6% compared to the previous year. For the first time, these products accounted for more than 60% of total exports. Semiconductor exports surged by 209% to $46.67 billion, driven by strong demand for AI-related chips and investments by global tech companies. Additionally, the sector's trade surplus exceeded $40 billion for the first time.
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