Global economy "canary in the coal mine" export growth slows down, while semiconductor exports still surge by 50.2%

Early trade data from South Korea shows that export growth has slowed this month, especially with a 23.5% increase in exports to the United States and a 5.6% increase in exports to China. Semiconductor exports continue to surge by 50.2%, driven by demand from smartphones and artificial intelligence. South Korea's export data is considered a "canary in the coal mine" for the global economy, but concerns remain about the South Korean won exchange rate. The strong exports have minimal impact on domestic prices in South Korea, and the central bank is expected to ease policies in the second half of the year. Developers are still actively addressing the challenges brought by the pandemic. The economic outlook for South Korea still faces headwinds