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South Korea Reports Record October Exports at $115.3B, Semiconductors Surge 259% YoY

South Korea's semiconductor exports surged ~259% to ~$56.4 billion, driven by global AI investment; total exports rose ~93.7% year-over-year.

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TLDR

The semiconductor surge underscores the real-world economic impact of the global AI infrastructure boom. More working days than a year earlier also helped lift October exports, which rose 93.7% to $115.28 billion. The data contrasts with stock market volatility around AI spending, with chip stocks falling as investors worried about the boom's costs. Trade Minister Kim Jung-kwan expects annual exports to reach $1 trillion in November.

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