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Finance

Woori Bank launches loan for exporters, raises facility funding limit up to 15 percent

Woori Bank launched a loan product for exporters to ease funding burdens by providing up to a 15 percent additional facility-loan limit and preferential interest rates and foreign-exchange fees. The bank said the product targets companies with a certain credit rating and export performance within the past year. It said firms using Korea Trade Insurance Corp export credit guarantees can receive additional rate benefits at branches.

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

Semiconductor export boom fails to lift consumer sentiment, linked industries

South Korea\'s semiconductor exports are setting monthly records, but consumer sentiment has not returned to early-year levels and spillover effects on related industries remain slow, raising concerns about deepening polarisation. August chip exports jumped to $46.8 billion, while the consumer sentiment index fell to 104.5. Non-chip exports rose only 18.0 percent in January to August. The Bank of Korea cited stock market adjustments and accumulated inflation burdens as factors.