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South Korea’s 60% export surge is pulling billions from crypto


South Korea’s 60% export surge is pulling billions from crypto

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Preliminary data show South Korea's exports jumped 60.4% year-on-year for the first 20 days of June and adjusted exports rose nearly 50%, close to May's 52.6% pace, driven largely by AI demand that boosted the country's trade surplus. This AI-led technology export surge can accelerate crypto and DeFi adoption, fundraising and token launches in South Korea by attracting capital to tech and blockchain projects and strengthening demand for CEX and DEX services, creating a constructive macro backdrop for crypto markets.

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Preliminary data released Monday showed South Korea’s exports climbed 60.4% from a year earlier for the first 20 days of June. So far, adjusted exports surged nearly 50%, almost matching May’s hot pace of 52.6%. The surge, driven largely by artificial intelligence (AI) demand, has not only elevated the country’s trade surplus but is also...
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