South Korea's monthly exports exceed $120 billion for the first time.

Reuters reported that South Korean exports set a monthly record and grew for a 16th consecutive month. Semiconductor exports rose 263% year over year, according to customs data.

Shipments from January through September reached $814.5 billion, already above the previous full-year record. The government said annual exports are on course to exceed $1 trillion, while warning that protectionism and geopolitical tension remain risks.