Isn't the economic ruin during Yoon Suk-yeol's term due to hostility toward China and Vietnam?

‌Semiconductors aside,
isn't the reason the economy has completely collapsed
because of the hostility toward China
and the deteriorating relations with Vietnam and Indonesia,
which are key countries in the New Southern Policy?
China and Vietnam are the 1st and 3rd largest trading partners,
so there's no way the country can prosper after cutting ties with them for political reasons.