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AI Drives South Korea's Export Surge
South Korea's exports in May celebrated their highest growth rate in over four decades, increasing by 53.2% year-on-year, reaching a record high of $87.75 billion, driven by the global rebound in AI investments. This surge resulted in a historic trade surplus of $26.95 billion and had a positive impact on the "Kospi" index, which reached record levels thanks to the profits of Samsung and SK Hynix. Additionally, the semiconductors sector saw a rise of 169.4%, and computer sales increased by 290.7%.
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