South Korea announced that exports in August increased 11.4% year on year to 57.9 billion US dollars, rising for 11 consecutive months, and imports reached 54.07 billion US dollars, up 6% year on year. The trade surplus for the month was 3.83 billion US dollars, and the surplus remained for 15 consecutive months. Among exports, semiconductor exports amounted to US$11.9 billion, an increase of 38.8% over the previous year, and led the overall export growth rate and maintained an upward trend for 10 consecutive months, reaching a new high in the same month of previous years. As for the shipbuilding business, it jumped 80% to US$2.8 billion, while petroleum products rose 1.4% to US$4.5 billion. However, automobile exports fell 4.3% to US$5.1 billion in August due to labor wage negotiations during the period. Furthermore, exports to China rose 7.9% to US$11.4 billion, mainly driven by semiconductors and mobile phones. Exports to the US rose 11.1% to 10 billion US dollars, a record high.

South Korea announced that exports in August increased 11.4% year on year to 57.9 billion US dollars, rising for 11 consecutive months, and imports reached 54.07 billion US dollars, up 6% year on year. The trade surplus for the month was 3.83 billion US dollars, and the surplus remained for 15 consecutive months. Among exports, semiconductor exports amounted to US$11.9 billion, an increase of 38.8% over the previous year, and led the overall export growth rate and maintained an upward trend for 10 consecutive months, reaching a new high in the same month of previous years. As for the shipbuilding business, it jumped 80% to US$2.8 billion, while petroleum products rose 1.4% to US$4.5 billion. However, automobile exports fell 4.3% to US$5.1 billion in August due to labor wage negotiations during the period. Furthermore, exports to China rose 7.9% to US$11.4 billion, mainly driven by semiconductors and mobile phones. Exports to the US rose 11.1% to 10 billion US dollars, a record high.