South Korea’s international trade activity fell 7.2% year over year in July with exports down 11.0% and imports off by 2.8%, Panjiva analysis of official data shows. That’s the eighth straight month of declines in the aggregate and exports. The semiconductor sector alone accounted for around half the dollar decline in exports, with a 28.1% year over year drop from 26.7% in 2Q. The emerging trade war with Japan won’t have helped matters with South Korean imports of specialty chemicals – including sanctioned semiconductor etching chemicals – from Japan down...