AI, chips boom sent South Korea exports soaring in 2025
AI, chips boom sent South Korea exports soaring in 2025
Publish Date: 2025-12-31 21:47:00
Source Domain: www.france24.com
- South Korea’s total exports were valued at over $700 billion in the last year, up by 3.8 percent.
- Semiconductor exports soared to $173.4 billion, a record high and more than 20 percent up year-on-year, driven by strong demand for memory chips used in AI data centers.
- South Korean tech giants Samsung Electronics and SK hynix are major players in the global semiconductor market, supplying crucial components for the AI industry.
- South Korean President Lee Jae Myung has made a commitment to triple spending on AI to elevate the country to one of the world’s top three AI powers.
- Auto shipments also reached $72 billion, the highest on record despite US tariff pressures.
- Other sectors like agriculture and cosmetics set new highs due to global interest in South Korea’s pop culture, food, and beauty products.
- Exports to the United States and China dipped due to tariffs on goods, although the U.S. implemented a reduced 15 percent tariff compared to the initially proposed 25 percent.
- Industry minister Kim Jung-kwan noted the export growth amid challenging conditions and stressed both resilience and future trade uncertainties for the year ahead.