S. Korea Exports Stay Solid on Chip Demand Despite US Tariff

South Korea’s exports held up, buoyed by strong semiconductor and auto shipments, underscoring manufacturers’ resilience in the face of sweeping US tariffs.

Overseas shipments gained 1.3% in August from a year earlier, customs data showed Monday, following a 5.8% increase in July. On a working-day adjusted basis, exports gained 5.8%, after rising at the same pace in July. Imports declined by 4%, bringing the trade balance to a surplus of $6.5 billion.