Chip boom drives S. Korea into $100b monthly export club

South Korea's exports surpassed $100 billion for the first time for the month of June, making it only the fourth country in the world to reach the milestone, after Germany, China and the United States.

Korea's exports marked $102.25 billion in June, up 70.9 percent from a year earlier, according to preliminary data released by the Ministry of Trade, Industry and Energy.

Fueling June’s performance were semiconductors, which surged 199.5 percent to $44.8 billion, accounting for 43.8 percent of the ...