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Industry

Illusion of semiconductor boom: AI high value smiles, but commodity and electronics sectors in shadow

South Korea\'s semiconductor exports continue to hit record highs, but performance is diverging even within memory chips. Demand tied to AI infrastructure is lifting prices and volumes for high-value, high-capacity server memory and enterprise SSDs, while commodity DRAM lags. Data for September show semiconductors driving overall export growth and trade surplus. Some warn the strength could distort fourth-quarter indicators, as broader manufacturing and electronics sectors remain subdued due to rising input and logistics costs.

Industry

South Korea semiconductor exports top $60 billion for first time in September, total exports up 84%

South Korea\'s semiconductor exports rose to $60.3 billion in September, the first time a single item topped $60 billion in a month, the industry ministry said. Total exports climbed 83.5 percent to $120.9 billion, also a monthly first, while imports rose 26.0 percent to $71.1 billion, lifting the trade surplus to $49.9 billion. Exports to China, the United States and ASEAN all increased sharply, led by semiconductors.

Mobility

Tesla sets up Vietnam unit to take on VinFast, which dominates 92 percent of EV market

Tesla has set up a local unit in Vietnam, registering Tesla Motors Vietnam this month as it prepares to enter Southeast Asia’s largest electric vehicle market. Specific timing and business plans have not been disclosed. Local automaker VinFast dominates the market, supported by its charging and after-sales service network and an electric taxi affiliate. Analysts said Tesla may face challenges building distribution and service networks and proving charging convenience to consumers.