For the first time in a year ... Technology exports have decreased in South Korea

South Korea has witnessed a decline in its technological exports for the first time in more than a year, after the demand for China decreased during the new lunar holidays, amid constant concerns about the potential impact of protection policies and Deepseek on semiconductor sales. The Ministry of Trade announced in a statement released today, Thursday, that exports, which include memory chips, smartphones and computers, dropped by 0.4% during January compared to the previous year. This decline was exacerbated by the traditional holiday, which led many factories to work in China and South Korea. Note that the holiday came this year in January, unlike last year, when it was in February. China leads the decline in demand. China has led the decline in South Korean technology exports, as last year’s purchases fell by 9.2%. According to the South Korean Ministry of Commerce, the import of semiconductors in particular recorded a decrease by 8.9%. Also read: Chinese question supports South Korea’s exports at the same time, US demand for South Korean technological products has still grown strongly, as the data has shown that imports increased by 24.6% compared to last year. The importance of technological exports in South Korea is the execution of technology the most important driver for the growth of foreign trade for South Korea, as the government announces monthly data devoted to this sector. Semiconductor sales have flourished over the past year, powered by global development in artificial intelligence, which has strengthened the demand for high -ranking memory chips produced by SK Hynix and Samsung Electronics. Also read: South Korea reduces growth expectations after the martial law crisis, expectations for electronic chip sales have become less optimistic this year, with the growth of shipping that has been delayed in recent months. This comes in light of the Chinese startup “Deep Cick” about the development of an artificial intelligence model that can require cheaper chips. The return of US President Donald Trump to the White House, with his threats for the imposition of customs duties, could lead to the slowdown in world trade, which is a basic pillar for the growth of the Southern Korean economy.