Exports up 56 % in First 20 Days of Aug. on Robust Chip Shipments
Semiconductor shipments soared 198.8% and computer-related exports jumped 242.1%, strengthening expectations that the Bank of Korea will raise rates again.
7 Articles
7 Articles
Korea Early Exports Extend Gains, Supporting Rate Hike Case
South Korea’s exports maintained their strong growth in early August, offering further evidence that artificial intelligence-driven demand is powering the economy and supporting the case for further interest rate hikes.
(Sejong = Yonhap News) Reporter Ahn Chae-won = Exports in the middle of this month also increased by more than 50% compared to the same period last year, driven by strong semiconductor exports.
Exports from August 1 to 20 recorded $52.2 billion, the highest figure ever for that period. Semiconductor exports drove the overall performance, showing a growth rate of nearly 200%. According to the "Import and Export Status for August 1–20 (Preliminary)" released by the Korea Customs Service on the 21st, exports during this period totaled $52.2 billion, a 56% increase compared to a year ago. The growth in semiconductor exports was particularl…
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