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


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 according to the korea international trade association
the country exported nineteen point seven billion dollars worth of IT goods
from january to september this year the figure accounted for twenty-two point
three percent of all our outbound shipments the lowest share seen since
2012 attributed to falling semiconductor prices meanwhile the chemical sector and
heavy industries such as shipbuilding and machinery saw exports increased
compared to last year IT exports though could pick up from the fourth quarter of
this year with industry experts expecting oversupply problems in the
chip market to ease

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