Business

    Korea’s August exports jump 68.7% to $98.25 billion as Asia’s fourth-largest economy extends its trade expansion streak for a 15th consecutive month. Semiconductor exports soared 209% year-on-year to an all-time high of $46.65 billion, driven by global demand for memory chips and AI infrastructure. Energy and chemical sectors also contributed to gains, while automobile exports declined due to seasonal factors. Outbound deliveries to China and the US saw significant growth, with Korean exporters maintaining expansion across major regional markets. Minister Kim Jung-kwan noted a 20% increase in non-semiconductor exports, indicating a broader recovery in secondary industries.