South Korea’s economic exports are showing positive indications, infusing much-needed vigor into the country’s stagnant economy.
South Korean semiconductor exports are approaching an 11-month high, driven by memory and EVs.
Analysts believe that the combination of semiconductors and vehicles is the driving force behind South Korea’s economy.
Earlier, Samsung Electronics and SK Hynix were permitted to supply U.S. semiconductor equipment to their China operations without obtaining additional U.S. permits, the South Korean presidential office said.
It was expected that the US would extend a waiver granted to South Korean semiconductor manufacturers regarding the requirement for permits to import US chip equipment into China.
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