South Korea's May 1-20 Memory Exports Surge, Led by 498% DRAM Jump
South Korea's memory exports in the first 20 days of May rose sharply across DRAM, NAND and SSDs. DRAM including modules reached $11.527 billion, up 498% from a year earlier and 27% from a month earlier, while DRAM excluding modules totaled $7.488 billion, up 431% year on year and 26% month on month. NAND exports rose 178% to $954 million and SSD exports climbed 452% to $2.224 billion.
Unit prices also increased, with DRAM including modules at $60,319 a kilogram, up 432% from a year earlier, and DRAM excluding modules at $82,820 a kilogram, up 497%. NAND prices rose 280% to $54,716 a kilogram and SSD prices advanced 344% to $21,075 a kilogram. A bullish view on Korean memory stocks cited single-digit P/E multiples, another two to three years of triple-digit growth and limited capacity expansion after revenues were cut in half four years ago.
From the sources (8 posts)
@firstadopterKorean memory stocks rally in solidarity as I defend Korean honor
@jukan05Thread: Korea’s Memory Exports, May 1–20 1. DRAM DRAM, including modules: export value of $11,527mn, +498% Y/Y, +27% M/M The DRAM export unit price, including modules, reached $60,319/kg, up 5% from April 20, 2026, and up 432% Y/Y.
@jukan052. DRAM, excluding modules DRAM, excluding modules: export value of $7,488mn, +431% Y/Y, +26% M/M The DRAM export unit price, excluding modules, reached $82,820/kg, up 13% from April 20, 2026, and up 497% Y/Y.
@jukan053. NAND Flash memory, NAND: export value of $954mn, +178% Y/Y, +7% M/M The flash memory export unit price reached $54,716/kg, up 23% from April 20, 2026, and up 280% Y/Y.
@jukan054. SSD SSD: export value of $2,224mn, +452% Y/Y, +14% M/M The SSD export unit price reached $21,075/kg, up 22% from April 20, 2026, and up 344% Y/Y.
@firstadopterOMG. It's almost as if single digit P/E with triple digit growth rate = undervalued or something.
@firstadopterRT @tbpn: "Everyone's making fun of these Koreans for being long memory stocks. But we're talking single-digit P/E multiples. It's probably…
@firstadopterTae: "Don't make fun of the Koreans. They're right!"