Korea's exports hit record high in Q3 on strong chip performance

South Korea's exports reached a record high in the third quarter, driven by robust shipments of semiconductors, government data showed Monday, amid a "super cycle" in the chip industry prompted by a boom in the artificial intelligence (AI) sector. Outbound shipments for the July-September period came to $185 billion, up 6.5 percent from the same period last year, according to the Ministry of Data and Statistics. It marks the largest quarterly export figure since the ministry began compiling relevant data in 2010. The increase also marks the second consecutive quarter of year-on-year growth, following a 2.1 percent rise in the second quarter. "Although unresolved South Korea-U.S. tariff negotiations could have weighed on exports through the third quarter, strong semiconductor shipments led overall export growth," a ministry official said. In late October, Seoul and Washington finalized a long-awaited agreement on the details of Seoul's $350 billion pledge made in exchange for lower U.S. tariffs during summit talks between President Lee Jae Myung and U.S. President Donald Trump. The numberWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times