China economy slump pounds South Korean chip exports

Decline of key export comes as Seoul pledges to trim fiscal outlay

20230831 Exports computer chips Korea

Shipping containers stacked in Busan, South Korea's largest port. © AP

STEVEN BOROWIEC, Nikkei staff writer

SEOUL -- South Korean semiconductor shipments fell sharply in July, an apparent example of how the slowdown in China is hurting export-oriented economies elsewhere in Asia.

Data from the official statistics agency released Thursday show that chip shipments tumbled 31.2% from the previous month, while exports of electronic components dropped 22.7%.

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