S. Korea's ICT exports in Jan. declined 0.4% on-year due to Lunar New Year holiday

On the trade front.

South Korea's ICT exports fell 0-point-4-percent on year in January owing to fewer workdays in light of the extended lunar new year holiday.

According to the Trade Ministry here overseas shipments of ICT products amounted to nearly 16-point-3 billion U.S. dollars last month.

Yet despite the overall decline semiconductor shipments remained strong amid the global race for AI dominance.

Chip exports soared past 10 billion U.S. dollars posting 15 consecutive months of on-year growth.