Korea’s Exports Rise 4.3% in June Driven by Semiconductor Demand

Seoul: Korea's exports saw a 4.3 percent increase in June compared to the same period last year, reaching $59.8 billion. This growth was attributed to strong global demand for semiconductors, marking a recovery from a decline in exports seen the previous month. According to Emirates News Agency, data from the Ministry of Trade, Industry and Energy indicated that this positive trend in June was accompanied by a 3.3 percent rise in imports, totaling $50.72 billion. This resulted in a trade surplus of $9.08 billion for the month. Notably, semiconductor exports surged by 11.6 percent, hitting a record high of $14.97 billion in June.