·Memory supercycle brings $40,000 income milestone closer Containers sit stacked at a port terminal in Incheon, June 1.
·(Newsis) South Korea's economy grew 1.8 percent in the January-March period, as booming chip exports fueled the strongest expansion since 2020, central bank data showed Tuesday.
·If sustained, the pace of growth could bring the country's per capita income to $40,000 sooner than expected.
·The country's real gross domestic product expanded 1.8 percent from the previous quarter, 0.1 percentage point higher than the Bank of Korea's preliminary estimate in April.
·The 1.8 percent expansion was the strongest quarterly performance since the third quarter of 2020.
