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On June 26, reports emerged indicating that, propelled by the vigorous demand for semiconductors, South Korea's exports in June are poised for substantial growth. It is anticipated that the trade surplus will surpass $30 billion for the first time. According to the median forecast from a survey conducted by The Wall Street Journal among nine economists, South Korea's exports in June are projected to rise by 57.3% year-on-year, outpacing the revised 53.4% growth seen in May. Imports are expected to climb by 23.5% year-on-year, thereby propelling the trade surplus for the month to reach $32 billion. Seunghoon Stephen Lee, the chief economist at Meritz Securities, remarked that chips and computers serve as the primary catalysts for export growth. He also expressed optimism that export growth will sustain above 50% in the latter half of the year.
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