S. Korea’s Exports Gain Steam Despite US Tariffs, Holiday Effect
Update: 2025-11-01
Description
South Korea's export numbers for October surged, driven by robust demand for semiconductors, offsetting challenges like US tariffs and holiday disruptions. Exports, adjusted for working days, jumped 14% year-on-year, following a 6.1% drop in the previous month. The country recorded a healthy trade surplus of $6.1 billion, with semiconductors playing a crucial role in the economy. Policymakers and businesses in South Korea are optimistic about steady growth despite trade headwinds.
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