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March ICT exports top $40 billion for first time, driven by AI and semiconductors

South Korea’s information and communications technology exports rose 112 percent in March from a year earlier to $43.51 billion, while imports increased 32.2 percent to $16.15 billion, producing a trade surplus of $27.36 billion. The Ministry of Science and ICT and the Ministry of Trade, Industry and Energy said ICT exports exceeded $40 billion for the first time and extended gains for a 14th straight month, accounting for 50.5 percent of total exports.