Summary："South Korea's Exports to Surge at Fastest Pace in 45 Years"SEOUL, June 29 - South Korean exports ar

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"South Korea's Exports to Surge at Fastest Pace in 45 Years"

SEOUL, June 29 - South Korean exports are poised to record their most significant annual growth in nearly 45 years in June, driven by a surge in semiconductor shipments, according to a Reuters poll released on Monday. The remarkable upswing is largely attributed to the global artificial intelligence (AI) investment boom, which has fueled demand for high-performance chips.

The poll, which surveyed 14 economists and trade analysts, suggests that South Korea's exports likely expanded by an average of 23.5% in June compared to the same period last year. This would mark the fastest growth rate since January 1979, underscoring the country's pivotal role in the global technology supply chain. The actual export data is expected to be released by the government on July 1.

The semiconductor sector has been at the forefront of this export-driven growth, with shipments breaking fresh records in June. The global AI frenzy has led to increased demand for advanced memory chips and high-bandwidth memory (HBM) chips, which are used in AI servers and data centers. South Korean chipmakers, such as Samsung Electronics and SK Hynix, have been major beneficiaries of this trend, with their exports reaching new heights.

Industry experts attribute the remarkable growth in exports to the ongoing AI investment boom, which is expected to continue in the coming months. "The demand for AI-related semiconductors is showing no signs of slowing down, and South Korean chipmakers are well-positioned to capitalize on this trend," said a trade analyst at a local research firm. As a result, South Korea's export growth is likely to remain robust in the second half of the year, driven by sustained demand for semiconductors and other technology products.

Looking ahead, the strong export performance is expected to have a positive impact on South Korea's overall economic growth. With the country's economy showing signs of recovery, the government is likely to maintain its supportive policies for the export sector. As the global AI investment boom continues to drive demand for South Korean technology products, the country's exports are poised to remain a key driver of economic growth in the coming months. The remarkable surge in exports is a testament to South Korea's competitive edge in the global technology landscape.