In 2018, semiconductor sales accounted for 92 per cent of South Korea’s export growth, a figure which led Rory Green, China and North Asia economist at research firm TS Lombard, to describe it as “more akin to an oil exporter than a tech hub”.
“It is a terrible time for them to be involved in a trade dispute. Semiconductor prices have halved since last year, and that is hitting Korean exports very hard,” said Green. “Even though export volumes are still OK, the price of semiconductors mean that even without the Japan dispute and the US-China trade war, it’s hard for Korean exports to turn positive this year.”
We have a 30 year track record of successful calls. Many of these calls combined economic, political and market analysis.READ MORE