South Korean exports in October fell for an 11th consecutive month and by the mo...
SEOUL - South Korean exports in October fell for an 11th consecutive month and by the most in nearly four years as shipments to China kept slowing and computer chip prices plunged, data showed on Friday.
South Korea, the first major exporting economy to release monthly foreign trade data, has been struggling especially hard from the prolonged U.S.-China trade war on top of already cooling global demand. But the government said the worst may be over. Trade, Industry and Energy Minister Sung Yun-mo said in a statement that the rate of decline would begin narrowing due to solid demand in volume terms and as semiconductor prices fall less sharply.
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