South Korean exports likely posted their strongest annual growth in nearly five decades in June, driven by a boom in global AI investment. The median estimate of 13 economists polled by Reuters showed exports from Asia’s fourth-largest economy surged 61.0% from a year earlier.
Export Growth
The export windfall has been underpinned by chipmakers Samsung Electronics and SK Hynix on surging chip prices driven by a global boom in AI investment. In the first 20 days of June, exports jumped 60.4% from a year earlier, with semiconductor shipments soaring 188.4% to push the chips’ share of total exports to 41.2%.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
