South Korea's September exports hit a record! Up 105% year-on-year, chip boom continues to drive growth.

Zhito Finance APP has learned that South Korea's exports continued to grow rapidly in September, with global artificial intelligence demand continuing to drive semiconductor shipments, reinforcing market expectations that this trade-dependent economy can withstand higher interest rates. Data released by the Korea Customs Service on Thursday showed that, after adjusting for differences in working days, exports increased by 104.9% year-on-year. Export value reached $120.9 billion, a record high, after shipments in the first 20 days of the month had already risen to a record high for the same period.