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South Korea’s Exports Soar as Chips Drive $62 Billion in First 20 Days of June

Fueled by strong AI demand for high-bandwidth memory and large GPU shipments, the surge increases growth but concentrates risk in the semiconductor cycle.

Overview

  • South Korea's exports rose 60.4% year-on-year in the June 1–20 period, reaching about $62 billion and marking the highest 20-day total on record.
  • Semiconductors were the main driver with chip shipments jumping to $25.5 billion and making up roughly 41% of exports in that period.
  • Imports climbed 23.2% to $44.5 billion, producing a trade surplus of about $17 billion as shipments to China and the United States rose sharply.
  • Market reports show heavy GPU flows into Korea, including more than 250,000 GPUs routed in June, which points to expanding domestic and regional AI compute capacity.
  • Korean retail investors have shifted money from crypto into AI-focused chip stocks, reducing crypto trading volumes and concentrating the economy's exposure on the semiconductor cycle.