The voice of the Korean financial official on stage echoed throughout the entire venue, and no other sound was produced.
It's as commonplace for the Korean won to fall below 2,000 against the US dollar.
If this had happened ten years ago, they would have faced ten attacks on the Blue House by now.
But it's the same now; the Blue House has long been occupied by the people.
"Now that a crisis is underway, what can I do to deal with aliens?"
Or perhaps an alien with superpowers.
The highest-ranking officials in Goryeo knew more information than others.
He was filled with despair.
Because their opponent was completely illogical, Goryeo had no valuable assets to offer.
After the finance official finished speaking, it was the science and technology official's turn to speak. His voice was even more somber, as if he wanted to compete with someone to see who was more grief-stricken.
"The decline in exports of memory chips, which have the highest profit margin in our export trade, is the largest since 2000, and global economic growth is further diminishing its interest in traditional carbon-based chips."
Major global consumer electronics manufacturers and enterprise hardware vendors are adopting a wait-and-see approach and scaling back.
All companies are waiting for the launch of Kechuang Bio's virtual reality equipment before deciding on their subsequent production and sales plans.
According to data compiled by the Department of Trade on Friday, DRAM shipments fell 74.7% year-on-year in February, compared with a 7% increase in the previous month.
DRAM accounts for nearly half of Korea's memory chip exports and is a key indicator for observing my country's semiconductor industry exports.
It's not just the chip industry that's facing its most difficult period ever; export data across all sectors are experiencing a precipitous decline.
Almost all industries are contracting.
At the same time, if our supply chain system, which we have invested heavily in building, is disrupted due to a lack of exports, it will be difficult to rebuild in the future.”
Korea is an export-oriented country, heavily reliant on imports due to its scarce domestic resources.
Korea is arguably the country that pays the most attention to supply chain resilience among all countries.
Because they had discovered that their supply chain was incredibly fragile.
Taking DEA as an example, Korea previously relied on China for more than 97% of its DEA imports.
However, after China restricted urea exports, urea became an important component in the DEA (defense system) used to reduce toxic emissions from diesel engines.
The Korean military was forced to airlift tens of thousands of liters of liquid from Australia, Southeast Asia and the Middle East.
They later spent a lot of money to rebuild their global supply chain system.
However, the supply chain system is a very real issue.
If you can't feed people, they will naturally seek refuge in other economies.
"Korea's total exports this month interrupted the third consecutive month of growth since November last year, falling by more than 10 percent due to the combined effects of a weak won and high energy costs."
The trade deficit is snowballing to record levels.
The ongoing depreciation of the Korean won this month has a far greater negative impact on trade than a positive one.
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