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South Korea’s tech exports surged in April, driven by a 17.2% rise in chip shipments, the highest for the month ever, alongside 26.5% growth in smartphones and 21.8% in biopharmaceuticals, per the Korea Customs Service. Total exports hit $58.2 billion, up 3.7%, fueled by stockpiling ahead of potential U.S. tariffs under President Trump, who suspended 25% levies but may reimpose them in July. SK Hynix and Samsung reported strong profits, reflecting robust AI and smartphone demand. However, U.S. shipments fell 6.8%, and auto exports dropped 3.8%. Experts call the stockpiling rational amid tariff uncertainties.
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Read More News on Business News Malaysia
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