Industry

South Korea February exports hit record high, led by semiconductors for nine straight months

South Korea’s February exports rose 29.0 percent from a year earlier to $67.45 billion, the Ministry of Trade, Industry and Energy said on Saturday, marking the highest February total on record. Average daily exports climbed 49.3 percent to $3.55 billion, topping $3 billion for the first time. The trade surplus widened to $15.51 billion, a record for any period, extending a surplus streak to 13 months. Semiconductor exports surged 160.8 percent.

Industry

South Korea government launches emergency check on real economy over Iran crisis

South Korea moved to conduct an emergency review of the real economy in response to Middle East instability triggered by U.S. and Israeli air strikes on Iran. The industry ministry held a second review meeting in Seoul led by Vice Minister Moon Shin-hak (문신학), with related agencies and major energy and trade bodies attending. The government said it is checking contingency systems, citing adequate oil and gas inventories for now, while preparing measures for exports, logistics and supply chains if the situation lasts.