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South Korea's exports reached a record $120.9 billion in September, up 83.5% from the previous year, driven by a surge in chip sales related to AI demand. Chip shipments alone accounted for nearly half of total exports at $60.3 billion, marking a 260% increase year-over-year. The country's trade surplus stood at $49.85 billion for the first nine months of the year, with officials attributing the success to global market competition and domestic industry strength.
Written locally by qwen2.5:14b on 2026-10-01,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
South Korea’s exports reached a monthly record of $120.9 billion in September 2023, up 83.5% year-over-year, driven by strong demand for chips used in artificial intelligence (AI). This surge surpassed the previous high of $102.25 billion, set in June 2023. Chip shipments alone accounted for nearly half of total exports, rising more than 260% to $60.3 billion. For the first nine months of 2023, South Korea’s total exports exceeded those from all of 2025, reaching $814.5 billion, compared to a record $709.7 billion in 2025. The country also recorded a trade surplus of $49.85 billion during the same period. This growth is attributed to South Korea’s robust semiconductor industry and the global AI boom, with the Ministry of Finance forecasting real GDP growth of 3% for 2026, the strongest since 2017 (excluding pandemic-affected years).
Written for “AI Boom In South KoreaExports” on 2026-10-05,
grounded in this article and the 0 other(s) covering the same event.
South Korea’s exports have surged to a monthly record amid explosive demand for chips used to power artificial intelligence.
asserted
exports → surge → intelligence
Exports jumped 83.5 percent year-on-year to $120.9bn in September, eclipsing the previous monthly record of $102.25bn set in June, preliminary customs figures showed on Thursday.
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Chip shipments accounted for nearly half of exports, soaring more than 260 percent to $60.3bn, according to data from the Korea Customs Service.
uncertain
shipments → celebrate → Service
Total exports from January through September hit $814.5bn, exceeding those for all of 2025, when exports reached a record $709.7bn.
During the first nine months of the year, the country recorded a trade surplus of $49.85bn.
asserted
country → hit → 49.85bn
“This is a valuable achievement that once again demonstrates the strength of our industries and companies, and is thanks to the sweat and efforts of our entrepreneurs who have competed fiercely in the global market,” said Kim Jeong-kwan, South Korea’s minister for trade and industry, in a statement.
asserted
kwan → demonstrate → statement
“While we expect to achieve $1 trillion in annual exports, the strengthening of global protectionism and tensions in the Middle East remain major variables affecting our exports,” Kim said.
asserted
Kim → expect → exports
South Korea’s economy has been running red-hot this year amid a global shortage of memory chips used in AI.
asserted
economy → run → AI
Asia’s fourth-largest economy is home to one of the world’s largest semiconductor industries, led by top memory chip makers SK Hynix and Samsung Electronics.
asserted
economy → lead → makers
SK Hynix and Samsung Electronics together control roughly 80 percent of the global market for high-bandwidth memory and 60 percent of the market for dynamic random-access memory, according to Counterpoint Research.
uncertain
Hynix → control → Research
South Korea’s nominal gross domestic product (GDP) growth hit a five-decade high in the April-June quarter, skyrocketing 26.4 percent year-on-year.
asserted
growth → hit → year
South Korea’s Ministry of Finance and Economy has forecast real GDP to grow 3 percent in 2026, which would be the strongest performance since 2017, excluding the outlier years of the COVID-19 pandemic.
The AI boom has also propelled the country’s stock market into the ranks of the best-performing bourses this year, with the benchmark Kospi rising nearly 60 percent.
asserted
Kospi → forecast → bourses
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