Reported about 1 year ago
Amid the AI boom, South Korean semiconductor exports have significantly rebounded, leading to a 50%+ shrinkage in the trade deficit with China in the first half of 2024 compared to the same period in 2023. However, due to changes in the traditional trade structure between South Korea and China, the likelihood of China becoming South Korea's largest trade surplus country again is lower. South Korea's semiconductor exports to China have played a crucial role in influencing the trade balance, but the export percentage has been decreasing, with China's improved self-sufficiency in various high-tech sectors affecting South Korea's export of intermediary materials to China as well.
Source: YAHOO