South Korea surpassed $700 billion in annual exports for the first time in 2025, led by semiconductors, but US-bound shipments fell 3.8% as Trump-era tariffs hit autos and steel, prompting exporters to diversify into the EU and CIS markets.
#YonhapInfomax #SouthKoreaExports #Semiconductors #USTariffs #AutomobileExports #MarketDiversification #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=99731
[Trump's Second Term Year 1] South Korea Enters '$700 Billion Export Era'—But US Shipments Decline
South Korea surpassed $700 billion in annual exports for the first time in 2025, led by semiconductors, but US-bound shipments fell 3.8% as Trump-era tariffs hit autos and steel, prompting exporters to diversify into the EU and CIS markets.
South Korea’s current account surplus hit a record $12.24 billion in November 2023, marking 31 consecutive months in the black, driven by strong semiconductor and auto exports, while the goods account posted its fourth-largest surplus ever and services and primary income balances improved.
#YonhapInfomax #CurrentAccountSurplus #BankOfKorea #SemiconductorExports #AutomobileExports #TradeBalance #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=99091South Korea and the U.S. have reached a breakthrough tariff agreement, lowering U.S. auto tariffs to 15% and easing export uncertainty, with analysts now forecasting South Korea’s GDP growth could reach the 2% range in 2025.
#YonhapInfomax #TariffAgreement #SouthKorea #AutomobileExports #GDPGrowth #SemiconductorExports #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=88090
Clouds Lift Over South Korean Economy After Dramatic Tariff Deal—Is 2% Growth Within Reach Next Year
South Korea and the U.S. have reached a breakthrough tariff agreement, lowering U.S. auto tariffs to 15% and easing export uncertainty, with analysts now forecasting South Korea’s GDP growth could reach the 2% range in 2025.
South Korea’s exports surged 12.7% in September to a record $65.95 billion, driven by all-time high semiconductor shipments, while US-bound exports fell 1.4% amid intensifying tariff impacts; trade surplus extended for an eighth month.
#YonhapInfomax #SemiconductorExports #TradeSurplus #MinistryOfTradeIndustryAndEnergy #USExports #AutomobileExports #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=84276
September Exports Surge 12.7% to $65.95 Billion—Record-High Semiconductor Shipments Offset US Decline of 1.4% (Comprehensive)
South Korea’s exports surged 12.7% in September to a record $65.95 billion, driven by all-time high semiconductor shipments, while US-bound exports fell 1.4% amid intensifying tariff impacts; trade surplus extended for an eighth month.
Japan’s July Exports Post Sharpest Decline in Four Years Amid US Tariff Impact (Comprehensive)
Japan’s exports fell 2.6% in July, the sharpest drop since 2021, as US tariffs drove a 10.1% plunge in shipments to America and the trade balance swung to deficit.
Exports Rise 0.8% Year-on-Year in January–July—Semiconductors Hit Record High, Autos and Petrochemicals Struggle
South Korea’s exports rose 0.8% year-on-year to $395.5 billion in January–July 2025, with semiconductors hitting a record high despite weakness in autos and petrochemicals amid global trade headwinds.
South Korea’s Industry Minister Kim Jung-kwan announced that follow-up support measures to US tariffs will include food and cosmetics, with additional aid for auto and manufacturing sectors as Seoul seeks to mitigate the impact of a new 15% tariff on car exports and address broader trade challenges.
#YonhapInfomax #Tariff #KimJungKwan #AutomobileExports #USKoreaTrade #SupportMeasures #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=75820
Kim Jung-kwan, Industry Minister, Says Tariff Relief Measures to Include Food and Cosmetics (Update)
South Korea’s Industry Minister Kim Jung-kwan announced that follow-up support measures to US tariffs will include food and cosmetics, with additional aid for auto and manufacturing sectors as Seoul seeks to mitigate the impact of a new 15% tariff on car exports and address broader trade challenges.
[From the Field]'No Going Back to the Past'—The Core of US-South Korea Trade Tensions as Seen from Washington
US-South Korea trade tensions intensify as Washington signals a shift from free trade to protectionism, with tariffs and non-tariff barriers impacting key industries and alliances.
May Exports Fall 1.3% to $57.27 Billion—First Decline in Four Months
South Korea’s exports fell 1.3% in May to $57.27 billion, ending a three-month growth streak as US tariffs hit auto and steel shipments, while semiconductors reached a record high.
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