South Korea's exports in June surpassed $100 billion for the first time ever, rising 70.9 percent from a year earlier to $102.25 billion thanks to record semiconductor shipments.
According to the Ministry of Trade, Industry and Resources, June exports hit a record high on the back of surging semiconductor shipments. This marks South Korea as the fourth nation to exceed $100 billion in monthly exports.
Despite the strong export data, Seoul shares fell more than 2 percent amid profit-taking in semiconductor stocks, with foreigners and institutions as net sellers.
The government expects the semiconductor-driven export momentum to support meeting this year's annual export target.
