South Korea’s international trade activity fell for a fourth straight month in August with a 9.3% year over year decline. A 13.6% drop in exports was the main reason for the drop. The export slide was actually flattered by a resurgent shipping business, without which exports would have fallen by 16.1%. The trade spat with Japan made little difference, with the main cause of the lower exports being a 21.3% slump in shipments to China. The electronics industry has been the main cause of South Korea’s export woes – semiconductor shipments fell 30.7% while exports of mobile phones, computers...