South Korea's Semiconductor Exports Surge 25% YoY in October, Exceeding $15 Billion

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South Korea's semiconductor exports reached $15.74 billion in October, marking a significant year-on-year increase of 25.4%. This marks the eighth consecutive month of double-digit growth in this sector.

The surge in semiconductor exports is attributed to rising fixed transaction prices, recovery in DRAM and NAND flash memory prices, and sustained strong demand for high-value DDR5 and HBM products driven by AI servers.

Boosted by the semiconductor sector, South Korea's information and communication technology (ICT) exports also saw notable growth, rising 12.2% year-on-year to $23.33 billion in October, up from $20.8 billion in the same period last year.

However, not all ICT segments performed positively. Display panel exports declined by 8.8% year-on-year to $1.64 billion, while computer and peripheral equipment exports fell 1.1% to $1.11 billion.

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