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South Korea’s overseas shipments rose sharply during the first 10 days of March, reflecting strong global appetite for semiconductors and signalling renewed momentum in the country’s export-driven economy.

Preliminary customs data released in Seoul showed exports climbed 55.6 per cent compared with the same period a year earlier. The jump was led primarily by robust semiconductor demand, reinforcing the technology sector’s role as the backbone of the country’s trade performance and a key barometer for global electronics markets.

The early-month figures indicate shipments reached about $18 billion during the 10-day period, while imports also increased, lifting overall trade activity. Officials said the growth was supported by sustained demand for memory chips used in artificial intelligence servers, data centres and high-performance computing systems.

Semiconductors remained the dominant driver. Chip exports surged as technology companies expanded orders for advanced memory products and high-bandwidth chips required for generative AI infrastructure. South Korea hosts two of the world’s largest memory chipmakers, Samsung Electronics and SK hynix, whose production capacity places the country at the centre of global supply chains for dynamic random-access memory and NAND flash.

Strong demand from the United States and China contributed significantly to the export expansion. Electronics manufacturers in both markets have increased purchases of memory chips and advanced components as artificial intelligence applications, cloud computing platforms and next-generation consumer devices accelerate data processing requirements.

Industry analysts say the sharp rise in early-month shipments reflects a broader recovery in the global semiconductor cycle after a downturn that affected the industry in 2023. Chip prices have firmed as inventories declined and new demand from AI-focused hardware reshaped procurement strategies across the technology sector.

Trade officials in Seoul noted that semiconductors accounted for a large share of the growth during the first 10 days of March. Automotive shipments, petrochemical products and machinery also contributed to export activity, though their gains were more moderate compared with the surge in chip sales.

The semiconductor boom has become a defining feature of South Korea’s export structure. Memory chips alone represent roughly one fifth of the country’s overseas shipments in typical years, meaning fluctuations in global technology demand can quickly influence trade balances and economic growth.

Government economic planners have closely monitored export performance following a prolonged period of volatility in global trade. Geopolitical tensions, supply chain adjustments and shifts in consumer electronics demand have created uneven patterns in the technology sector. Yet the current rise in shipments suggests the industry is entering a new phase of expansion driven by artificial intelligence infrastructure.

Artificial intelligence computing has reshaped the semiconductor landscape, requiring larger volumes of advanced memory chips capable of handling massive data workloads. Companies building AI servers and graphics processors rely heavily on high-bandwidth memory, a specialised product where South Korean manufacturers hold technological advantages.

SK hynix has emerged as a major supplier of such components to global technology companies developing AI hardware. Samsung Electronics has also increased investment in next-generation memory technologies, seeking to expand its share of the rapidly growing market.

Export growth during the early days of March also reflects the continuing strength of South Korea’s manufacturing ecosystem. The country’s industrial clusters integrate chip fabrication, electronics assembly and advanced materials production, enabling manufacturers to respond quickly to surging global demand.

Trade analysts caution that early-month figures can fluctuate because of shipping schedules and the number of working days. Nonetheless, the scale of the increase highlights the powerful influence of semiconductor demand on the country’s export trajectory.

Data from previous months already pointed to an improving outlook for chip shipments. Global technology spending has accelerated as companies race to deploy artificial intelligence models, expand cloud infrastructure and develop advanced consumer devices that incorporate machine learning capabilities.

Demand for high-capacity memory modules and advanced storage solutions has therefore increased across multiple sectors, including data centres, autonomous vehicles and mobile electronics. South Korea’s manufacturers supply a significant portion of these components, giving the country a strategic role in the global digital economy.

Trade patterns also reflect evolving supply chains. Electronics companies have diversified sourcing strategies in response to geopolitical uncertainty, but memory chip production remains heavily concentrated in East Asia due to the specialised infrastructure required for fabrication plants.

South Korea has sought to reinforce its position through large-scale investment in semiconductor research and manufacturing capacity. Authorities have promoted development of semiconductor clusters, expanded tax incentives for chipmakers and encouraged collaboration between industry and research institutions.

ABB said the spending will upgrade and enlarge facilities that produce critical components including switchgear, power distribution equipment and industrial automation systems. The programme is also designed to expand research and development capabilities to support innovation in energy efficiency, smart grid technologies and digitalised industrial processes. Executives say the initiative forms part of a broader strategy to align manufacturing capacity with growing infrastructure investment and the rapid expansion of power-intensive industries.

The company’s expansion covers five manufacturing and engineering sites located in Karnataka, Maharashtra and Gujarat. Upgrades will introduce new automated production lines, enhanced testing laboratories and expanded engineering facilities aimed at designing solutions for electrification, transport networks and digital infrastructure. ABB expects the additional capacity to support large-scale projects ranging from metro rail electrification to the growing network of data centres serving cloud computing and artificial intelligence services.

Demand for equipment linked to renewable energy projects has surged as the country accelerates plans to increase solar and wind generation capacity. Grid-integration technologies, power converters and control systems have become essential as utilities manage fluctuating renewable output while maintaining grid stability. ABB’s investment is intended to strengthen its ability to deliver these solutions domestically while also supporting export markets in Asia, the Middle East and Africa.

Metro rail expansion has emerged as another driver for advanced electrification equipment. Urban transport networks in cities such as Bengaluru, Mumbai, Delhi and Hyderabad are undergoing continuous expansion to address congestion and improve mobility. These projects require reliable power distribution systems, signalling integration and energy-efficient traction equipment. ABB’s manufacturing expansion is expected to help supply such components more efficiently while shortening delivery timelines for large infrastructure contracts.

Data centres represent one of the fastest-growing infrastructure segments globally, and the country has become a major destination for cloud and digital-service investments. Technology companies and telecommunications providers are building large facilities to manage the surge in online services, financial technology platforms and artificial intelligence workloads. These facilities require high-capacity electrical systems, uninterrupted power supplies and advanced cooling solutions, areas where ABB has been expanding product development.

Company officials say the investment will also strengthen collaboration between manufacturing units and engineering teams to accelerate product innovation. Expanded research facilities are expected to focus on digital monitoring systems, predictive maintenance tools and power-management technologies designed to improve energy efficiency across industrial operations. Such innovations are increasingly sought by infrastructure operators attempting to reduce energy consumption and operating costs.

Global industrial groups have been increasing investment in advanced manufacturing and engineering capabilities across the country as infrastructure development gathers pace. Government programmes encouraging domestic manufacturing, combined with demand for electrification technologies, have attracted multinational companies seeking to expand local production while integrating global supply chains. ABB has maintained a presence in the market for more than a century and operates multiple technology centres focused on electrification, robotics and automation.

Industry analysts say electrification and digital automation are becoming central to infrastructure planning as cities grow and industries transition towards cleaner energy systems. Equipment that supports smart grids, energy-efficient manufacturing and automated transport networks is expected to see strong demand over the coming decade. Companies able to integrate digital monitoring with hardware solutions are viewed as particularly well positioned in this evolving landscape.

ABB’s strategy places emphasis on combining electrical equipment with digital analytics to monitor power usage and equipment performance in real time. Sensors, connected control systems and artificial intelligence-based monitoring platforms are increasingly embedded within infrastructure networks. Such technologies allow operators to detect equipment failures early, optimise energy consumption and reduce downtime in critical facilities such as metro systems and data centres.

Officials stated that consular teams across multiple countries worked closely with airlines, airport authorities and host governments to organise departures and ensure that travellers were able to leave safely. The effort covered Chinese tourists, business travellers and temporary workers who had been present across several Gulf states when concerns about travel disruptions intensified.

Authorities described the return of more than 10,000 citizens as part of a broader emergency response mechanism that allows embassies and consulates to provide rapid assistance to nationals overseas. Diplomatic missions in Abu Dhabi, Riyadh, Muscat and other regional capitals coordinated with Chinese carriers and international airlines to arrange flights and secure transit permissions, ensuring orderly departures from major regional airports.

Embassy staff reportedly maintained continuous communication with travellers through consular hotlines and digital messaging platforms, offering guidance on documentation, airport procedures and available transport routes. Officials also worked with host governments to facilitate safe passage to airports and ensure travellers received assistance where needed.

Chinese diplomatic representatives emphasised that governments across the Gulf region extended cooperation during the operation, helping to maintain stability at airports and allowing evacuation plans to proceed without major disruptions. Aviation authorities in the region assisted with flight scheduling and airport logistics, enabling large numbers of travellers to depart over a relatively short period.

The spokesperson noted that consular protection remains a central responsibility of the foreign ministry and its overseas missions. Chinese embassies regularly issue safety advisories to citizens abroad and maintain contingency plans for large-scale assistance operations when circumstances require urgent coordination.

Travel between China and the Gulf has grown significantly during the past decade, driven by tourism, trade and energy cooperation. The United Arab Emirates in particular has become a major destination for Chinese tourists and business travellers, supported by visa-on-arrival policies and expanding air connectivity between Chinese cities and Gulf hubs such as Dubai and Abu Dhabi.

Tourism authorities in the Emirates have highlighted the importance of Chinese visitors to the hospitality and retail sectors. Before the global pandemic disrupted international travel, Chinese travellers represented one of the fastest-growing visitor segments to Dubai, contributing strongly to hotel occupancy and shopping activity across the city.

Saudi Arabia has also expanded tourism cooperation with China as part of broader economic diversification plans. Initiatives linked to the kingdom’s Vision 2030 programme have encouraged tourism flows, cultural exchanges and investment partnerships, drawing increasing numbers of visitors from Asia.

Oman has similarly sought to attract Chinese tourists and investors by easing visa procedures and promoting cultural heritage destinations, while maintaining strong commercial ties with Chinese energy companies involved in infrastructure and industrial development.

Consular officials said the return operation involved travellers from multiple Gulf states as well as other nearby countries where Chinese citizens had been working, studying or travelling. Embassy staff helped verify identities, issue emergency travel documents where necessary and assist those who required medical or logistical support before departure.

Airlines operating between the Gulf and East Asia played a central role in transporting travellers. Carriers from the region, alongside Chinese airlines, expanded seat capacity on several routes and adjusted flight schedules to accommodate additional passengers returning home.

Officials indicated that the successful movement of thousands of travellers reflects increasing coordination between diplomatic networks, aviation authorities and emergency management agencies. Governments have developed more structured protocols for assisting nationals overseas following earlier crises that highlighted the need for rapid response capabilities.

Chinese authorities have emphasised that citizens travelling abroad should remain attentive to official travel advisories and maintain contact with embassies and consulates when circumstances change. Digital registration systems have also been introduced to allow travellers to inform diplomatic missions of their presence in foreign countries, improving the ability of officials to provide assistance if required.

The Reality of the Raya Rush

The lead-up to Raya is a whirlwind of grocery runs, deep cleaning, and late nights in the kitchen. By the time the first open house begins, most women have already put in an incredible amount of effort for their families. The quiet moments in between are not just a break. They are earned.

XIXILI’s pajamas are made for those moments. Easy to move in, soft enough to wear through the night, and the kind of pieces that make coming home feel like something to look forward to. Designed to fit a wide range of body types, every woman can find something that feels as good as it looks.

“Raya is everything. The food, the family, the laughter. And at the end of it all, she deserves to rest just as well as she celebrated,” says Tara Tan, Marketing Director at XIXILI.

Comfort That Carries Through the Season

Raya may bring the occasion, but the shift happening in Malaysian wardrobes goes further than that. Women are increasingly treating sleepwear as a considered part of their self-care, not just something to change into before bed.

“We often talk about the joy of gathering, but we rarely talk about the exhaustion that comes with it,” Tara Tan adds. “Our goal for Raya 2026 is to ensure that when the last guest leaves, every woman has a high-quality piece of loungewear to retreat into. It is about honouring the work she does by giving her the rest she deserves.”

Quality loungewear for the wind-down, the slow morning, and every quiet moment in between has become one of the most considered purchases a woman makes this season.

Made to Be Worn, Not Just Owned

Good sleepwear should not sit tucked away at the back of a drawer. It should be the first thing she reaches for at the end of a long day, worn in and looked forward to. XIXILI’s range is built for exactly that, styles that settle naturally into her routine and carry her well beyond the festive season.

The full sleepwear collection is available online and at XIXILI boutiques nationwide. To shop the range, visit www.xixili-intimates.com.Hashtag: #XIXILI

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The issuer is solely responsible for the content of this announcement.

About XIXILI

A homegrown Malaysian brand, XIXILI offers beautiful fashion lingerie and shapewear in Malaysia that prioritises fit and comfort. With an extensive range of bra sizes from A to I and bands 65 to 110cm, XIXILI caters to women of all shapes and sizes. Expert fitters are dedicated to helping each customer find the perfect bra, boosting confidence and enhancing silhouettes.

XIXILI became the first Malaysian lingerie brand to introduce a Try-On in 3D avatar tool, allowing customers to virtually try on XIXILI lingerie using a 3D avatar tailored to their specific body type and measurements. Whether for everyday wear or something special, XIXILI ensures women always look and feel amazing.

Competitive Landscape and Market Pressures

Singapore’s storage and moving industry was valued at USD 59.48 billion in 2024. It is projected to grow steadily, reaching USD 100.16 billion by 2033. As demand expands, operators face rising expectations from customers who want clearer quotations, faster responses, careful handling of belongings, and fewer disruptions during moves. These expectations are evolving faster than the industry’s traditional operating models.

“Customers today are more informed and expect clarity and coordination throughout the moving process,” said Liang, Sales Manager of Yi Yun Movers. “Meeting these expectations requires tighter planning and consistent execution, especially in a highly competitive environment.”

Operational Focus Over Marketing Claims

Within this environment, Yi Yun Movers has focused on strengthening its core operations, particularly in areas such as safe handling, flexible scheduling, and end-to-end service coordination. The mover in Singapore provides residential and commercial moving services, along with storage, disposal, and after-hours relocations. These reflect a shift toward accommodating varied customer timelines and operational needs.

Technology as Operational Support, Not Replacement

The moving industry in Singapore is believed to have relatively low service differentiation, making internal efficiency a critical factor. To address this, some firms are beginning to explore how digital tools can support daily operations. Rather than replacing existing workflows, technology is being considered for practical functions, such as route planning, scheduling coordination, and administrative efficiency.

For Yi Yun Movers, this has meant examining how planning and coordination can be tightened without disrupting established on-the-ground processes. The company has taken a cautious approach, focusing on whether digital tools can reduce manual work and improve scheduling accuracy. At the same time, it keeps experienced crews and established handling practices at the centre of operations.

“We’re careful not to introduce changes that add complexity on the ground,” as revealed by Jovi, Operations Manager of Yi Yun Movers. “Any use of digital tools is meant to support planning and coordination, not replace the practical experience of our crews.”

GPS Software for Route Planning and Fleet Management

One of the key digital tools Yi Yun Movers has incorporated is GPS software. This technology helps the company optimise route planning and fleet management by:

• Providing real-time traffic data
• Calculating the most efficient routes
• Tracking vehicles throughout the process

This integration not only ensures faster service delivery but also improves customer communication regarding timeframes. With GPS software, the moving teams can focus on executing their tasks on the ground.

SME Readiness and Incremental Technology Adoption

This measured approach aligns with broader national discussions around small and medium enterprise (SME) readiness for technology adoption. While large-scale automation remains out of reach for many operators, incremental use of digital tools to support planning and coordination is increasingly viewed as necessary to remain competitive without compromising service reliability.

Yi Yun Movers’ experience reflects this wider SME reality. Rather than pursuing large-scale system changes, the company has focused on incremental adjustments that support administrative efficiency and coordination, recognising that readiness varies across teams and that operational continuity remains critical in a service-led business.

Adapting to Evolving Customer Expectations

As relocation activity continues alongside Singapore’s dynamic property and business landscape, operators are navigating tighter margins and higher service expectations. For Yi Yun Movers, the focus remains on maintaining service consistency, careful handling of items, and adapting operations to meet changing customer needs in a highly competitive moving industry.

Looking Ahead

Continued growth in Singapore’s moving and storage sector is shaping how operators manage cost, coordination, and service reliability. With customer expectations evolving alongside broader economic and property trends, operational discipline and adaptability are likely to remain central to how moving firms compete.

Yi Yun Movers intends to refine internal processes and maintain service standards while responding to industry changes pragmatically. This reflects a wider shift among local service providers toward strengthening operational foundations, as the moving industry adapts to a more demanding and competitive environment.

In addition to enhancing route planning and fleet management with GPS software, Yi Yun Movers is exploring the use of AI-Assisted Customer Relationship Management (CRM). By integrating AI-driven CRM tools, Yi Yun Movers aims to automate customer interactions, personalise communication, and improve service delivery.

With these forward-thinking approaches, the company is positioning itself to remain competitive in a rapidly evolving market. This enables its teams to effectively address the evolving needs and expectations of Singapore’s moving and storage sector.
Hashtag: #YiYunMovers

The issuer is solely responsible for the content of this announcement.

About Yi Yun Movers

Yi Yun Movers is a Singapore-based moving and storage company. It provides residential and commercial relocation services, along with storage, disposal, delivery, and special handling support. The company’s services also extend to providing manpower for packing, unpacking, dismantling, and assembly.