South Korea's ICT export declined for nine consecutive months, with semiconductors dropping by 33.9%
Since the South Korean government started gathering import and export data on the ICT sector in 1996, the export value in March 2022 reached US$23.26 billion, a record high. However, fast forward to March 2023, ICT exports have declined for nine consecutive months and have reported a 30% annual decrease compared to 2022.