South Korea's October exports hit a record $115.3B, up 93.7% y/y, as chip shipments jumped 259% to $56.4B. The trade ministry credits AI infrastructure investment, and that is demand showing up in har

What happened: South Korea's October exports rose 93.7 percent year on year to a record $115.3 billion, led by semiconductor shipments, the Ministry of Trade, Industry and Resources said. Key numbers: Exports $115.3 billion, up 93.7 percent. Imports $72.78 billion, up 36 percent. Trade surplus $42.5 billion. Why it matters: The ministry attributed the gain to global semiconductor demand and continued investment by major technology companies in AI infrastructure, with US-bound shipments supported by demand for chips, computers and electrical equipment used in AI infrastructure.

South Korea's October exports rose 93.7 percent year on year to a record $115.3 billion, led by semiconductor shipments, the Ministry of Trade, Industry and Resources said.

The ministry attributed the gain to global semiconductor demand and continued investment by major technology companies in AI infrastructure, with US-bound shipments supported by demand for chips, computers and electrical equipment used in AI infrastructure.