Breaking
RUThe Ukrainian Armed Forces attacked residential buildings in Zheleznogorsk, Gelendzhik and Novorossiysk, there were casualtiesRUHusband accused of sexual exploitation and murder of wife in AustriaVNCoach Cesc Fabregas's Como won 4-1 against RB Leipzig in the historic opening match of the Champions LeagueVNIsmail Kartal announced his resignation after the Fenerbahce-Roma match, Aziz Yildirim immediately rejected itCNThe big tree in front of the Hengchun Tourism Hospital was broken by strong winds and hit the YouBikeKRSeoul court to rule on Yoon Suk Yeol's charges of aiding former defense minister's flightTRHeavy downpour and storm in Italy caused 3 deathsBRSP Civil Defense warns of risk of severe storms and possible tornado between Friday and SaturdayBRMother of 11 years gives birth in Curitibanos; case investigated as rape of vulnerableRUScott Ritter warns of catastrophic consequences for Europe due to Ukraine conflictRUThe Ukrainian Armed Forces attacked residential buildings in Zheleznogorsk, Gelendzhik and Novorossiysk, there were casualtiesRUHusband accused of sexual exploitation and murder of wife in AustriaVNCoach Cesc Fabregas's Como won 4-1 against RB Leipzig in the historic opening match of the Champions LeagueVNIsmail Kartal announced his resignation after the Fenerbahce-Roma match, Aziz Yildirim immediately rejected itCNThe big tree in front of the Hengchun Tourism Hospital was broken by strong winds and hit the YouBikeKRSeoul court to rule on Yoon Suk Yeol's charges of aiding former defense minister's flightTRHeavy downpour and storm in Italy caused 3 deathsBRSP Civil Defense warns of risk of severe storms and possible tornado between Friday and SaturdayBRMother of 11 years gives birth in Curitibanos; case investigated as rape of vulnerableRUScott Ritter warns of catastrophic consequences for Europe due to Ukraine conflict
BackSouth Korea's exports surge 83% in first 10 days of September, driven by semiconductor boom
South Korea's exports surge 83% in first 10 days of September, driven by semiconductor boom
Developing
Yonhap News14 minutes agoBusiness1 min readSouth Korea

South Korea's exports surge 83% in first 10 days of September, driven by semiconductor boom

Quick Look

South Korea's exports rose nearly 83% year-on-year to $35 billion in the first 10 days of September, driven by a 270% surge in semiconductor shipments amid global AI demand, according to Korea Customs Service data released Friday.

AI-generated summary

Why It Matters

South Korea's export performance has been a key indicator of its economic health, with semiconductors historically driving growth. The current surge reflects renewed global demand for advanced chips amid AI infrastructure expansion.

Font size

South Korea's exports surged nearly 83 percent on-year in the first 10 days of September, customs data showed Friday, driven by robust semiconductor shipments amid the global artificial intelligence (AI) boom.

Outbound shipments reached US$35 billion in the Sept. 1-10 period, according to the numbers released by the Korea Customs Service.

The customs agency said exports reached the highest level for the first 10 days of September on record.

Imports rose 20.7 percent on-year to $24.6 billion over the cited period, resulting in a trade surplus of $10.4 billion.

Semiconductors led the overall gains, soaring 270 percent to $16.5 billion, also setting a fresh high for the period.

Outbound shipments of petroleum products jumped 57 percent to $1.87 billion, while automobile exports increased 10 percent to $1.7 billion.

Exports of ships and steel products also shot up 66.8 percent and 10.3 percent, respectively, the report showed.

By destination, exports to China doubled to $7.95 billion, while those to the United States increased 137.5 percent to $7 billion.

The country's total exports from Jan. 1 through Thursday came to $728.5 billion, climbing 54.1 percent from a year earlier. The trade surplus reached $212.9 billion so far in 2026.

What to Watch

AI outlook โ€” possibilities, not facts

  • South Korea's monthly exports will continue to show strong year-on-year growth through the remainder of 2026 if global AI-driven semiconductor demand remains robust

    Likely ยท Within months

Open Questions

  • Whether the export growth rate can be sustained beyond the initial September period
  • How global semiconductor inventory levels will affect future demand
  • Whether domestic consumption will keep pace with export strength

Related Topics

This article was originally published by Yonhap News.

Related Stories

As of July this year, the national budget deficit was at its lowest in five years.
Developingยท

As of July this year, the national budget deficit was at its lowest in five years.

According to the Ministry of Planning and Budget, cumulative total revenue from January to July of this year was 456.1 trillion won, an increase of 71.1 trillion won compared to the same period last year, and total expenditure was 476.2 trillion won, an increase of 33.7 trillion won. Accordingly, the consolidated fiscal balance recorded a deficit of 20.1 trillion won, an improvement of 37.4 trillion won from last year, and the managed fiscal balance deficit was 64.8 trillion won, the smallest in five years.

์—ฐํ•ฉ๋‰ด์Šค
2 min read
The spread of AI agents is expected to reorganize the competitive landscape of financial companies
Developingยท

The spread of AI agents is expected to reorganize the competitive landscape of financial companies

According to the Toss Insight report, when AI agents compare and select financial products and process transactions on behalf of consumers, competition among financial companies is expected to be reorganized to focus on the ability to organize selection from customer lock-in. Accordingly, product data accuracy, customer-specific evaluation ability, and transaction stability will become new competitive strengths.

์—ฐํ•ฉ๋‰ด์Šค
2 min read
Samsung E&A Wins $3.5 Billion Fertilizer Plant Contract in Saudi Arabia
Developingยท

Samsung E&A Wins $3.5 Billion Fertilizer Plant Contract in Saudi Arabia

Samsung E&A Co. announced it has secured a 4.7 trillion-won (US$3.5 billion) EPC contract for a fertilizer plant in Saudi Arabia's Jubail Industrial City. The SAN-7 project, awarded by SABIC Agri-Nutrients, will produce 3,500 tons of ammonia and 7,700 tons of urea daily for export, featuring a carbon capture system to reuse CO2 from ammonia production. Completion is scheduled for 2030.

Yonhap News
1 min read
Goyang City announces support for electric vehicle purchase costs... Targets 320 passenger cars and 60 trucks
Developingยท

Goyang City announces support for electric vehicle purchase costs... Targets 320 passenger cars and 60 trucks

Goyang City announced that it would invest 2.7 billion won to provide subsidies for 320 electric passenger vehicles and 60 electric cargo vehicles. Young first-time buyers, households with multiple children, small business owners, etc. can receive additional support, and up to 1.3 million won in conversion support is also provided when scrapping an internal combustion engine vehicle and purchasing an electric vehicle.

์—ฐํ•ฉ๋‰ด์Šค
1 min read
More on this topicsouth korea