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2026-05-28 09:28:29
[Chip Boom Expected to Drive 12th Consecutive Month of Export Growth in South Korea in May] (1) A survey shows that South Korea's exports are expected to grow by 48.4% year-on-year in May, marking the 12th consecutive month of growth. This is slightly higher than April's 48.0% but lower than March's 50.2% (the latter being the fastest growth since August 1988). Exports have been rising steadily since June 2025, maintaining double-digit growth for the past 12 months. (2) Analysts point out that global investment in artificial intelligence has driven a surge in chip sales. Semiconductor sales more than doubled in the first 20 days of May, with exports surging by 64.8% year-on-year. Export growth in the second quarter is expected to accelerate compared to the first quarter, and the export boom is expected to continue. (3) A survey shows that imports are expected to grow by 21.5% year-on-year in May, the fastest growth since August 2022; the inflation rate is expected to rise to 3.0% in May from 2.6% in April, the highest since March 2024. South Korea will release its May trade data on June 1.
