The South Korean Ministry of Trade, Industry, and Energy, alongside the Ministry of Science and ICT, reported that its ICT (information and communications technology) exports surpassed imports for the first time in almost a year and a half. With memory ICs being an essential portion of the country's ICT exports, the October upswing represents a reversal in memory demand—the Commodity IQ H1 2024 forecast for high-end memory points to continued price increases and some availability constraints as a result.