Shulou(Shulou.com)11/24 Report--

March 1 news, according to foreign media reports, in the context of the decline in demand for consumer electronic products, leading to a decline in the price and demand for memory chips, South Korea's semiconductor industry, which accounts for a considerable proportion of memory chips, has also been greatly affected. Exports decreased significantly in the second half of last year.

According to the latest reports from foreign media, the decline in South Korean semiconductor exports continues. In February, the export volume was 60% lower than that of the same period last year.

According to the latest figures released by South Korea's Ministry of Trade, Industry and Energy, semiconductor exports in February were $5.96 billion, down from $10.37 billion in the same period last year and down 42.5 per cent from a year earlier.

In addition to semiconductors, exports of South Korean panels also fell significantly in February from a year earlier, falling to $1.12 billion, down 40.9 per cent from a year earlier.

Semiconductors and panels are important export products of South Korea, especially semiconductors, which account for about 20% of South Korea's exports for a long time, and the sharp decline in exports compared with the same period last year is bound to affect South Korea's overall exports.

South Korea's exports fell to $50.1 billion in February, the first consecutive five-month year-on-year decline since 2020, due to factors such as falling demand for chips, according to the Ministry of Trade, Industry and Energy.

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