South Korea–India Trade Surges on Semiconductor Demand

South Korea sold many more goods to India during the first eight months of the year.

Its exports rose by 30.8 percent to $16.8 billion.

Computer chips were an important reason for the increase.

India is investing in artificial intelligence, data centres and other technology facilities.

Korean chip companies and suppliers are becoming more active in India.

India also sold more goods to South Korea, raising imports to $5.03 billion.

Together, the countries traded $21.8 billion during the period.

Their leaders want to increase total trade to $50 billion by 2030.

They also want to improve cooperation in business, culture and society.