South Korea’s international trade activity stabilized in April with a 0.1% increase following four months of declines. Exports fell for a fifth month by 2.0%. While that was less than expected it was flattered by a surge in shipping exports, without which there was a 4.0% decline in all other exports. Electronics remain weak with semiconductor shipments down 13.5%, leading the South Korean government to launch a strategy to support the industry. Over the longer term that may allow South Korea to benefit from supply chains, such as SuperMicro’s, which are being oriented awa...