South Korea's tech exports rose 24% YoY in September, slowing from August's 28.5%, with memory chip shipments at their lowest since December.

South Korea's technology exports rose by 24% year-on-year in September, marking a slowdown from August's 28.5% growth. This decline, alongside the slowest growth in memory chip shipments since December, suggests potential global demand stagnation. Despite this, strong sales in semiconductors and mobile phones contributed to a trade surplus of $9.88 billion in the ICT sector. Economists remain optimistic about the sector's continued growth.

October 14, 2024
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