South Korea Exports Surge As AI Chip Demand Drives Growth
South Korea’s exports continued to gain momentum in July, supported by strong semiconductor demand as the global artificial intelligence boom lifted shipments of advanced chips and related technology products.
Exports rose 62.8% from a year earlier to US$98.89 billion, marking the second-largest annual increase since the current export surge began in mid-2025. Semiconductors remained the key driver, with shipments jumping 179% as demand for memory chips strengthened.
The technology sector also provided further support. Computer exports surged 404% as companies expanded investment in AI infrastructure, while shipments to major markets gained pace. Exports to China rose 96%, while those to the United States increased 69%.
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- Source
- Business Today
- Originally published
- Aug 1, 2026
- Updated here
- Aug 15, 2026
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- Malaysia Times desk (brief) — reporting by the source
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