In July, South Korea's exports of Information and Communication Technology (ICT) products soared by 14.5% year-on-year, reaching a new monthly record of $22.19 billion. Notably, semiconductor exports witnessed a remarkable 31.2% growth, totaling $14.72 billion. This robust performance was primarily fueled by heightened global investment in AI servers and surging prices of memory chips. Exports to the United States continued their upward trajectory, hitting $2.71 billion, marking the 21st consecutive month of growth. Conversely, exports to China declined by 5.6% to $7.47 billion. Additionally, the export figures for display products, mobile devices, and computer accessories all exhibited downward trends.
