South Korea’s exports fall for seventh straight month as chip sales plunge

South Korea’s exports fell, on an on-year basis, for a seventh consecutive month in April on weak global demand, their longest losing streak in more than three years.

Exports declined 14.2% from a year earlier to $49.62 billion, following a 13.6% drop in March, according to preliminary data released by the country’s trade ministry on Monday.

The…