Seoul, Nov. 09 (SANA) South Korea’s economy is maintaining strong momentum, supported by robust global demand for semiconductors and expanding investment in artificial intelligence infrastructure, according to a monthly assessment released Monday by the Korea Development Institute (KDI).Yonhap News Agency quoted the institute as saying that semiconductor production and investment in the sector continued to grow at a strong pace, driven by external demand. It added that sectors linked to the development of AI infrastructure were showing gradual improvement.
Exports drive growth
South Korea’s exports reached a record $115.3 billion in October, up 93.7 percent from the same month last year. The increase was driven by stronger global demand for semiconductors and continued investment by major technology companies in data centers and AI technologies.The growth extended to other industrial sectors, with exports of steel products, nonferrous metals and electronic equipment used in data center construction also rising.Investment in equipment and machinery increased alongside these gains, reflecting the broader impact of expanding AI infrastructure on South Korea’s economy.
Electric vehicle sales climb
Domestic sales of electric vehicles made by Hyundai Motor and Kia rose to 12,267 units in October, an increase of 95.9 percent year on year.Cumulative sales of the two companies’ electric vehicle models reached 116,159 units in the first 10 months of the year, up 77.1 percent from the same period in 2025, pointing to growing domestic demand.Meanwhile, Yonhap reported that Samsung Electronics’ cash assets stood at approximately 214.8 trillion won, equivalent to $146.6 billion, at the end of the third quarter. The figure made it the first South Korean company to exceed 200 trillion won in cash assets.
External risks remain
Despite the positive indicators, KDI warned that continued tensions in the Middle East and fluctuations in oil prices could pose challenges to the country’s growth prospects.The institute said growing uncertainty surrounding economic policies in major economies could add to those challenges in the coming period.
T.S /R.K
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