South Korea’s Tech-Led Exports Continue Growth, Boosting Economy
- Semiconductor sales reach highest value since early 2022
- Export recovery stays intact while geopolitical threats linger
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South Korea’s exports continued to grow last month on the back of strong demand for semiconductors and other technology devices, supporting confidence among policymakers that the economy will see a solid first quarter.
Average daily shipments increased 9.9% from a year earlier, according to data released Monday by the trade ministry. Without adjustment for the number of working days, headline exports rose 3.1% while overall imports decreased by 12.3%. The trade surplus came to $4.3 billion.