Korea’s exports decreased for seven consecutive months until April this year in the aftermath of the prolonged economic slump in the semiconductor sector, which produces the nation’s main export product.
Exports of automobiles also increased in April, but failed to make up for the slump in semiconductors, petrochemicals, and displays.
The Ministry of Trade, Industry and Energy (MOTIE) recently announced that the total amount of Korea’s exports in April was calculated at US$49.62 billion, which was a 14.2% decrease from April 2022.
As a result, the monthly export volume decreased from the same period last year for seven consecutive months from October 2022. In addition, the export scale in April was down from March 2023 ($55.1 billion).

Amidst this overall situation, Korean exporters are continuously making earnest efforts, including releasing new advanced items, to access new potential markets and thereby elevate their global brand awareness.
Kiturami recently launched its innovative window-mounted air conditioner that provides comfortable cooling with easy installation. The product is manufactured with a modern lattice-pattern design, providing a cool feeling, while at the same time being a design accessory that matches various interiors.
DSE, a company specializing in LED (Light-Emitting Diode) lighting, recently released four-type of rechargeable LED lanterns – emotional lantern, head lantern, multi lantern, and square lantern. They are considered essential items for camping, fishing, glamping, etc.

BOGONET has developed innovative artificial intelligence (AI) technology that automatically classifies the type, ratio, and condition of steel scraps, and it is thus currently drawing much attention.
CHUNGHO recently released its new direct-water ice water purifier Ice Tree (WI-35C80720N). It has a size of 25.4 cm in width and stores up to about 90 ice cubes, and features ample storage capacity to use a large amount of ice at once, and provides 6kg (about 600 ice cubes) of ice per day.

 
 
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