A recovery in chip sales is expected to lead Korea’s export rebound in 2024, after the nation suffered annual trade deficits for the past two years amid falls in prices and demand for semiconductors.
Trade Minister Ahn Duk-geun, who has been nominated by President Yoon Suk Yeol as the next minister of trade, industry and energy, said Monday he will stabilize the country s key industrial supply chains that still heavily rely on imports.
President Yoon Suk Yeol’s ongoing Cabinet reshuffle has been criticized as a series of revolving door appointments as familiar faces, mostly his close aides, are anticipated to take turns holding ministerial and other key government posts ahead of the upcoming general elections slated for April.
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