(LEAD) Exports dip 15.2 pct during first 10 days of Oct. on fewer working days | Yonhap News Agency
South Korea's exports declined by 15.2% in the first 10 days of October due to fewer working days caused by the extended Chuseok holiday, impacting trade performance.
📋 Key Points
- In the first ten days of October 2023, South Korea recorded a 15.2% year-on-year decrease in exports, largely attributed to the extended Chuseok holiday.
- The decline in outbound shipments reflects a significant drop in trade activity, correlating with only a few working days during this holiday period.
- The data indicates that the semiconductor sector, a critical component of South Korea's exports, was notably affected by this reduction in export activity.
- This downturn follows ongoing concerns over global demand, particularly in the technology sector, which includes key exports like semiconductors.
- The report underscores the continued volatility in South Korea's trade environment, with potential implications for economic growth amid changing international market conditions.
💡 Why It Matters
The decline in South Korea's exports highlights vulnerabilities in its trade sector, particularly affecting industries reliant on consistent demand, like semiconductors. This situation may lead to adjustments in economic forecasts and trade policies. Stakeholders should monitor how the reduced export activity influences overall economic growth and future trade negotiations.
📊 Event Details
This story is being tracked across 17 news sources.
Event ID: zho-1907101
Category: Technology → News
Last Updated: October 14, 2025