South Korea's Exports Nearly Double, Driven by Surging Global AI Investment and Chip Demand

South Korea's exports nearly doubled last month, marking the sharpest jump in over 50 years, primarily fueled by robust global demand for artificial intelligence (AI) investment and a consequent surge in chip shipments. Exports from Asia's fourth-largest economy, a key indicator for global trade, rose 93.7 percent year-on-year to US$115.28 billion. This growth, boosted by increased working days and strong semiconductor exports, positions South Korea to potentially reach US$1 trillion in annual exports within November, making it the fourth country globally to achieve this milestone.