Export concentration in top 10 firms rises sharply in Q2 amid chip boom
The proportion of Korea's top 10 exporters in the country's total outbound shipments in the second quarter sharply expanded from a year earlier, data showed Tuesday, driven by the strong performance of technology products, including semiconductors. Outbound shipments by the 10 businesses accounted for 55.3 percent of total exports in the April-June period, compared with 38.3 percent a year…
The share of Korea's top 10 exporters in the nation's total outbound shipments surged in the second quarter, bolstered by the booming technology sector, particularly semiconductors, data revealed on Tuesday. In the April-June period, these 10 firms accounted for 55.3% of all exports, compared to 38.3% a year earlier, according to figures compiled by the Ministry of Data and Statistics.
The top 100 exporters' share increased from 66.3% to 76.3% during the same period. Overall, exports surged by 57.3% to $275.5 billion, driven by the country's heavy reliance on large companies. Corporate exports jumped 81.8% to $206 billion, while medium-sized businesses' exports grew 10.9% to $35.9 billion, and smaller enterprises' exports rose 13.1% to $32.7 billion.
Exports from the mining and manufacturing sectors surged 64.9% to $247.5 billion, propelled by strong performance in technology products.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
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