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SpaceX catches a Starship back from orbit for the first time Canada wraps up free-trade talks with the Philippines and ASEAN, opening a market of 700 million The great flattening: AI is cutting middle managers. Nvidia shows the risk! Samsung reportedly in talks to buy US data-centre cooling specialist Modine Oil holds near $95 as tankers keep getting hit in Hormuz Seoul upgrades economy to “solid growth” as chip exports nearly triple Qatar Airways restores Riyadh and Dammam as Etihad extends Saudi suspension IEA flips to oil surplus: Q4 supply to beat demand by 1.7M bpd Cartier owner Richemont slides 9% as jewellery growth halves Anthropic’s $61B IPO reportedly six times oversubscribed ahead of pricing

SpaceX catches a Starship back from orbit for the first time Canada wraps up free-trade talks with the Philippines and ASEAN, opening a market of 700 million The great flattening: AI is cutting middle managers. Nvidia shows the risk! Samsung reportedly in talks to buy US data-centre cooling specialist Modine Oil holds near $95 as tankers keep getting hit in Hormuz Seoul upgrades economy to “solid growth” as chip exports nearly triple Qatar Airways restores Riyadh and Dammam as Etihad extends Saudi suspension IEA flips to oil surplus: Q4 supply to beat demand by 1.7M bpd Cartier owner Richemont slides 9% as jewellery growth halves Anthropic’s $61B IPO reportedly six times oversubscribed ahead of pricing

Industries

Seoul upgrades economy to “solid growth” as chip exports nearly triple

South Korea’s finance ministry raised its view of the economy for the first time in a year. The country is set to pass $1 trillion in annual exports this month.

Country Report | 14 November 2026

Seoul upgrades economy to “solid growth” as chip exports nearly triple

South Korea’s finance ministry raised its view of the economy for the first time in a year. The country is set to pass $1 trillion in annual exports this month.

South Korea’s chip boom is now official policy language. The Ministry of Economy and Finance upgraded its assessment from a “recovery trend” to a “solid growth trajectory,” the first such upgrade in a year.

The numbers back it: third-quarter real GDP grew 1.0% from the previous quarter, and October exports jumped 93.7% year-over-year to $115.28 billion. Chips are almost half the story: semiconductor exports in October totaled $56.44 billion, up 259.4 percent from October last year, accounting for roughly 49 percent of total exports.

The ministry expects annual exports to cross the $1 trillion mark sometime in November.