South Korea's economy has recently hit rock bottom as the industrial sector recovers, with industrial production in Asia's fourth-largest economy rising 1.3 percent in May compared to the previous month, the Korea Development Institute said.
According to the institute, the South Korean economy has begun to overcome the difficult economic phase in light of a partial decline in the slowdown in the industrial sector, which showed signs of moderate contraction, as the pace of slowdown in production and exports slowed, especially in the semiconductor sector.
Semiconductor exports fell 28 percent year-on-year in June as demand fell and chip prices fell.
Source (Asharq Al-Awsat Newspaper, Edited)
