South Korea's exports extend strong growth in first 20 days of October, chip exports surge 222.5%

Zhitong Finance APP has learned that, driven by robust global artificial intelligence (AI) demand boosting semiconductor shipments, South Korea's exports maintained strong growth in the first 20 days of October, highlighting the resilience of the South Korean economy as the Bank of Korea prepares to announce its interest rate decision. Data released by Korea Customs on Wednesday showed that, after adjusting for working-day differences, exports in the first 20 days of October increased by 65.9% year-on-year. By comparison, the increase in the same period of September was 89.8%.