South Korean Semiconductor Exports Plummeted 35% year-on-year in March

In March, South Korea's exports fell by 13.6% from the same period last year to $55.12 billion, marking the sixth consecutive month of decline. Among them, exports of semiconductor, which account for one-fifth of South Korea's exports, plummeted by 35%, reflecting falling memory chip prices and weak demand. In addition, South Korea’s exports to China plummeted 33% in March.