Korea's exports down for 9th straight month on trade feud, chips
IndustrySept 1, 2019
South Korea's exports plunged 13.6 percent in August from a year earlier, extending their on-year fall to a ninth consecutive month, data showed Sunday, due to the protracted trade row between the world's top two economies and a prolonged drop in chip pricesOutbound shipments came to $44.2 billion last month, compared with the $51 billion tallied a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy. The decline was also in part due to a base ef