Reported about 1 month ago
South Korea's exports continued to rise for the 11th month in a row in August, achieving an 11.4% year-on-year increase to $57.90 billion. However, this growth was slower than the previous month's 13.9% rise and below market expectations. The slowdown was attributed to reduced demand for semiconductors and ongoing challenges in auto sales. Despite slower growth, exports are still on track for a record performance this year, driven by a recovering demand in key markets.
Source: YAHOO