Reported 26 days ago
South Korea's export growth experienced a significant slowdown in October, marking the lowest rate in seven months as it rose only 4.6% year-on-year, below expectations of 6.9%. Contributing factors include cooling global demand and uncertainty surrounding the upcoming U.S. elections. While exports to the United States and China showed some gains, overall trade activity remains sluggish, raising concerns for the economy's recovery and prompting discussions of potential government stimulus.
Source: YAHOO