South Korea posts record January exports on AI chip boom

South Korea posted its highest-ever exports for the month of January, official data showed on Sunday, fuelled by a global AI boom heavily reliant on chips made in the country.

The total value of January’s exports was $65.8 billion, a 33.9 percent rise on-year, according to a trade ministry statement, marking the first time they surpassed a $60 billion threshold for the month.

Home to the world’s leading memory chip makers, South Korean products have become crucial to AI infrastructure.