South Korea exports fall for 8th straight month as chip slump continues

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South Korea exports fall for 8th straight month as chip slump continues
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SEOUL : South Korea's exports fell for an eighth straight month in May in annual terms, although less than expected, amid persistent weakness in demand for semiconductors.Overseas sales by Asia's fourth-largest economy fell 15.2 per cent year-on-year to $52.24 billion in May, the trade ministry data showe

SEOUL : South Korea's exports fell for an eighth straight month in May in annual terms, although less than expected, amid persistent weakness in demand for semiconductors.

Exports of semiconductors, South Korea's biggest selling item, dropped 36.2 per cent, extending losses to a 10th consecutive month but an improvement versus April's 41.0 per cent drop. Shipments of petroleum products fell 33.2 per cent, but cars jumped 49.4 per cent.

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