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The AI boom is fueling the South Korean economy:
South Korea exports surged +47% YoY in the first 20 days of February, the strongest reading in at least 2 years.
This follows a +34% gain in January, marking the 2nd consecutive monthly acceleration in growth.
These figures also came despite fewer working days due to the 3-day Lunar New Year holiday falling within the reporting period.
The surge was driven by semiconductor exports that soared +134% YoY, fueled by AI and data center investment demand.
Furthermore, shipments of computer peripherals and petrochemical products jumped +129% and +11%.
Exports to Taiwan and China rose +76% and +31%, and shipments to the US increased +22%.
South Korea is seeing massive economic growth.