S. Korea's ICT exports for May hit all-time high amid AI chip demand: data (opens original article in a new tab)

South Korea's ICT exports hit a record high in May, driven by strong demand for AI-related semiconductors and other technology products, with significant increases in exports to the U.S. and China.

• South Korea's ICT exports reached a record $47.79 billion in May, up 128.9% from the previous year.
• Semiconductor exports surged 169.2% to $37.16 billion, driven by AI server investments and higher memory chip prices.
• Exports to the U.S. rose over 250% to $8.1 billion, while exports to China more than doubled to $19.5 billion.
• ICT trade surplus reached $32.09 billion in May, with imports increasing 36% year-on-year.