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Data released by South Korea's customs agency shows that from October 1 to 20, South Korea's chip exports surged 222.5% year-on-year to $27.5 billion, accounting for 44.7% of total exports during the period, up 16.2 percentage points from the same period last year. During the same period, South Korea's total exports reached $61.6 billion, more than doubling year-on-year and setting a record high for the same period in any year; exports to China grew 154.4% to $16.6 billion, and exports to the United States grew 154.9% to $10.7 billion. South Korean Finance Minister Lee Hyung-il said the semiconductor industry's boom is expected to last at least until 2027. Currently, this data is reported by Cailianshe as a single source, and there are no subsequent factual developments.
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South Korea's chip exports surged 222.5% year-on-year to $27.5 billion in the first 20 days of OctoberDevelopments
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Oct 21
Cailian Press
South Korea's chip exports surged 222.5% year-on-year to $27.5 billion in the first 20 days of October
South Korean customs data show that from October 1 to 20, South Korea's exports reached $61.6 billion, more than doubling year-on-year and setting a record high for the same period in any year; chip exports surged 222.5% year-on-year to $27.5 billion, accounting for 44.7% of total exports, up 16.2 percentage points from the same period last year. Exports to China rose 154.4% to $16.6 billion, while exports to the United States rose 154.9% to $10.7 billion. South Korean Finance Minister Lee Hyung-il said the semiconductor industry's boom will last at least until 2027.