[Click eStock] "Semiconductors, Clear Easing of Export Decline Rate in February"

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] The sharp decline in semiconductor export value, a key export item in Korea, has slowed down, and it is analyzed that it will improve further next month.

Kim Kyungmin, a researcher at Hana Financial Investment, said on the 2nd, "Semiconductor export value in December last year decreased by 17.7% compared to the same month of the previous year, but the decline was eased compared to the 30.8% decrease in November," and added, "The recovery in demand due to the US trade dispute phase 1 agreement and the year-end shopping season led to the recovery of semiconductor export volume."

Researcher Kim emphasized, "Although the export value by semiconductor item fluctuated last month, the export weight all recorded positive growth," and added, "The wafer export weight turned to a meaningful increase for the first time in 12 months. It is necessary to continuously observe whether this is a sign of industry recovery."

He also forecasted, "The period with a high possibility of significant improvement in the monthly negative growth rate (decline rate) of semiconductor export value is expected to be February this year," and evaluated, "The possibility of turning to a positive phase in semiconductor export value is positive for industry investment sentiment."

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