📊Executive Summary

In October, South Korea's ICT exports continued to grow for the ninth consecutive month, reaching $23.33 billion, a 12.2% increase year-over-year. The trade surplus exceeded $10 billion for the second month in a row, driven primarily by a 25.4% increase in semiconductor exports, totaling $15.74 billion. The demand for AI server products and rising memory prices contributed to this growth. While exports to the US rebounded by 5.8%, driven by a recovery in semiconductor and smartphone sales, imports of AI infrastructure components like GPUs surged significantly. The Ministry of Industry plans to strengthen the resilience of the ICT supply chain to maintain export momentum....