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Saudi wealth fund PIF purchases Alphabet, Zoom, and Microsoft shares

Business August 16, 2022

A broad selection of US stocks was purchased by Saudi Arabia’s Public Investment Fund (PIF), bringing its investment portfolio’s value…

Korean Semiconductor and Export Sector Show Record Growth in October Data

Business October 22, 2026

In the first 20 days of October, South Korea’s exports surged to $61.6 billion, more than doubling compared to the same period last year, driven by record-breaking semiconductor shipments. The Korea Customs Service published these figures on Wednesday. The average daily exports, calculated over working days, increased to $4.74 billion, marking the highest for any first 20-day period in history. Meanwhile, imports grew by 42.8% to $47.1 billion, resulting in a trade surplus of $14.5 billion. The primary contributor to this growth was semiconductors, with exports of chips soaring 222.5% to $27.5 billion during this period, indicating shipments of about $8.5 billion in the previous year. Semiconductors represented 44.7% of total exports, the largest share among all product categories. Exports to China and the US Experience More Than Doubling During the first 20 days of October, exports to China increased by 154.4% year on year. Similarly, shipments to the United States rose by 154.9%, slightly surpassing the growth seen with China. Exports to Vietnam and the European Union also saw gains over the same timeframe, according to customs data. These figures reflect rising demand across South Korea’s top export markets simultaneously. While exports expanded at a faster rate, imports grew more slowly, up 42.8% to $47.1 billion. This resulted in a

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