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Share of IT goods among S. Korean exports fall to lowest level in 7 years

2019-10-27 55 Dailymotion

The portion of IT products among South Korea's exports has dropped to a seven-year low,... due to a decline in memory chip demand.<br />According to the Korea International Trade Association,... the country exported 90-point-seven billion dollars' worth of IT goods from January to September this year.<br />The figure accounted for 22-point-three percent of all outbound shipments,... the lowest share seen since 2012,... attributed to falling semiconductor prices. <br />Meanwhile, the chemical sector and heavy industries such as shipbuilding and machinery,... saw exports increase compared to last year.<br />IT exports could pick up from the fourth quarter of this year,... with industry experts expecting oversupply problems in the chip market to ease. <br />

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