S. Korea exports drop 17% in February

SOUTH Korean exports in February sank 17.1%, half as much as their drop in January, but overseas sales are expected to keep falling as consumers and companies cut spending amid a worsening global economy.

South Korea is home to the world’s leading producers of computer chips, mobile phones and ships and is the first big Asian exporter to report trade data each month, providing an early indication of the state of global demand.