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South Korea logs record trade deficit as tech demand falls

FILE - A logo of SK Hynix is seen at Korea Electronics Show in Seoul, South Korea, on Oct. 8, 2019. South Korea logged its biggest monthly trade deficit ever, at $12.7 billion in January, as exports of computer chips and other high-tech items sank and costs for importing oil and gas surged, the trade ministry said Wednesday, Feb. 1, 2023. (AP Photo/Lee Jin-man, File) Containers are seen at the country's largest port, in Busan, South Korea, on Jan. 10, 2023. South Korea logged its biggest monthly trade deficit ever, at $12.7 billion in January, as exports of computer chips and other high-tech items sank and costs for importing oil and gas surged, the trade ministry said Wednesday, Feb. 1, 2023. (Kang Duck-chul/Yonhap via AP) FILE - The logo of the Samsung Electronics Co. is seen at its office in Seoul, South Korea, Tuesday, Jan. 31, 2023. South Korea logged its biggest monthly trade deficit ever, at $12.7 billion in January, as exports of computer chips and other high-tech items sank and costs for importing oil and gas surged, the trade ministry said Wednesday, Feb. 1, 2023. (AP Photo/Ahn Young-joon, File)