SCMP Economy1 hour agoBusiness1 min readChina

AI chip surge lifts South Korea to record surplus, behind only China

Chip exports surged 181.6 per cent to US$113.89 billion in the three months to June.

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South Korea's second-quarter current account surplus was propelled by surging demand for semiconductors, with chip exports reaching US$113.89 billion, up 181.6 per cent year-on-year.

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Why It Matters

The current account measures a country's trade and income with the world, including goods, services, and investments.

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The current account measures a country’s trade and income with the world. It counts goods and services sold abroad, money earned on overseas investments and payments flowing the other way. A surplus means more foreign currency is coming in than going out.

Surging demand for semiconductors helped propel South Korea’s second-quarter surplus, with chip exports reaching US$113.89 billion in the three months to June, according to government figures – up 181.6 per cent from the same period last year.

Open Questions

What were the import figures for the same period?
How will third-quarter semiconductor demand trend?

AI chip surge lifts South Korea to record surplus, behind only China

Chip exports surged 181.6 per cent to US$113.89 billion in the three months to June.

Quick Look

South Korea's second-quarter current account surplus was propelled by surging demand for semiconductors, with chip exports reaching US$113.89 billion, up 181.6 per cent year-on-year.

AI-generated summary

Why It Matters

The current account measures a country's trade and income with the world, including goods, services, and investments.

Font size

Open Questions

What were the import figures for the same period?
How will third-quarter semiconductor demand trend?

AI chip surge lifts South Korea to record surplus, behind only China

Quick Look

Why It Matters

Open Questions

Related Topics

AI chip surge lifts South Korea to record surplus, behind only China

Quick Look

Why It Matters

Open Questions

Related Topics

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