South Korea's memory chip exports plummeted 53.1% in May compared with the same period last year.

[South Korea's May memory chip exports plummeted 53.1% year on year] South Korea's Ministry of Science, Technology and Information Communications said on the 14th that South Korea's information and communication technology (ICT) exports fell 28.5% in May from a year earlier to US $14.45 billion, falling for 11 months since July last year. According to items, semiconductor exports decreased by 35.7% compared with the same period last year, monitors by 12%, computers and peripheral equipment by 53.1%, mobile phones by 17.2%, and communications equipment by 11.1%. Among semiconductor exports, memory chip exports plunged 53.1% year-on-year to $3.41 billion, while system chips fell 4.9% year-on-year to $3.64 billion, shrinking to single digits after five months.