S. Korea's exports up 8.3% on strong chip demand despite U.S. tariffs

Exports EXPANDED over eight percent on year during the first 20 days of June driven by demand for chips.

According to the Korea Customs Service on this Monday outbound shipments amounted to almost 38-point-7 billion U.S. dollars during this period as shipments of semiconductors surged close to 22 percent on year.

What's more exports of passenger cars rose 9 percent on year while exports of ships soared nearly 48 percent.

Officials link the favorable findings to the reality that the impact of U.S. tariffs has yet to fully kick in.