Korea s chip industry is on track for a recovery in exports, data showed, Tuesday, fueling optimism that it could help the country’s entire manufacturing industry gain momentum given that chips have been the top sales item abroad.
Korea s manufacturing confidence remained in positive territory for five consecutive months through September, a state think tank said Sunday, driven by an optimistic outlook for the chip industry.
Korea is widely expected to post a record trade deficit this year due to soaring international energy prices amid a slowdown in exports, sources said Tuesday.
Korea is expected to post a growth in 2022 exports from a year earlier, but it is unlikely to meet its yearly target of $700 billion in outbound shipments due to sluggish sales of .