Last month, South Korea witnessed a significant slump in its tech trade with China. According to the Ministry of Trade, Industry, and Energy, semiconductor shipments from South Korea to China experienced a sharp decline of 35.7 percent compared to the previous year. Notably, the memory chip trade took the hardest hit, plunging by 53.1 percent, […]
Last month, South Korea witnessed a significant slump in its tech trade with China. According to the Ministry of Trade, Industry, and Energy, semiconductor shipments from South Korea to China experienced a sharp decline of 35.7 percent compared to the previous year.
Notably, the memory chip trade took the hardest hit, plunging by 53.1 percent, primarily due to sluggish demand in China. This decline comes amidst ongoing geopolitical tensions, which have had a profound impact on the chip supply chain landscape in Asia.
South Korea, a prominent player in the information and communications technology (ICT) sector, faced a considerable setback in its exports to mainland China and Hong Kong. The ICT exports, encompassing semiconductors, displays, and smartphones, witnessed a staggering drop of over 30 percent in May compared to the same period last year.
