Artificial intelligence boom drives chip demand surge, South Korea's exports remain robust

Golden Ten Data reported on July 1 that South Korea's exports in June continued their strong momentum, highlighting the robust resilience of the semiconductor boom supporting economic growth. Data released on Wednesday showed that South Korea's exports in June increased by 70.9% year-on-year, imports rose by 30.1%, and the trade surplus reached a record high of $36.15 billion. Semiconductors once again led the growth thanks to strong investments related to artificial intelligence and data centers. Chip shipments grew by 199.5% year-on-year, reaching $44.8 billion. Exports of computer-related products and petroleum products also grew by 308.8% and 49.8% respectively. The latest data show that South Korea's export-driven economic growth momentum remains solid, as strong demand for semiconductors this year is driving economic expansion and partly offsetting widespread weakness in traditional industries.