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South Korea posts its largest export increase on record: 43.9% in October

FinanceInternationalPrensa LatinaAI summary
Image: Prensa Latina

South Korea's export volume grew 43.9% in October compared with the same month a year earlier, its largest increase on record, according to the Central Bank. The indicator has now risen for 12 consecutive months and accelerated from the previous 11, driven by demand for semiconductors and the equipment to make them, particularly memory chips for artificial intelligence infrastructure. Imports rose 14.9% in volume and the terms of trade for goods improved 21.3%.

In 35 seconds

  • South Korean exports grew 43.9% in volume in October, the largest increase on record, according to the Central Bank.
  • The indicator has risen for 12 consecutive months and accelerated from the previous 11.
  • The momentum is attributed to strong demand for memory chips for artificial intelligence infrastructure.
Read the full story at Prensa Latina

IASummary generated by artificial intelligence from a story by Prensa Latina. It may contain errors: the original source prevails.

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