Han Byung-do, floor leader of the Democratic Party of Korea, answers reporters’ questions during a press briefing at the National Assembly in Seoul on March 2. Photo by Asia Today
March 3 (Asia Today) — South Korea’s exports are riding a semiconductor boom, but lawmakers risk undermining that momentum by delaying legislation tied to a major U.S. investment plan.
According to the Ministry of Trade, Industry and Energy, exports in February reached $67.4 billion, the highest ever for the month, despite fewer working days due to the Lunar New Year holiday. Exports have set new monthly records for nine straight months since June.
Still, vulnerabilities are emerging. Automobile exports fell 20.8% from a year earlier in February, reflecting the impact of U.S. tariffs on specific items. Even after the U.S. Supreme Court struck down reciprocal tariffs, the administration of President…
