News on November 11: South Korea's export concentration further deepened in the third quarter of this year. Driven by the semiconductor boom, the gap between large enterprises and small and medium-sized enterprises (SMEs) has widened. The top ten exporting enterprises accounted for more than 60% of total exports — the first time since records began in 2010. Data released by the relevant South Korean authorities on Tuesday showed that total exports in the third quarter surged 72.3% year-on-year to $318.6 billion, the highest quarterly level since records began in 2015. By company size, exports by large enterprises grew 103.5%, mainly driven by semiconductor manufacturers such as Samsung Electronics and SK Hynix, while exports by small and medium-sized enterprises grew only 12.8% and 10.7%, respectively. Semiconductor exports in the third quarter soared 219% year-on-year to $148 billion, accounting for 46.5% of total exports, up from 25.1% in the same period last year.