Reported about 1 month ago
South Korea’s export growth saw a significant increase last month, reaching double digits, primarily driven by strong global demand for technology products, particularly semiconductors. Exports rose by 13.7% year-on-year, reflecting a burgeoning recovery in global trade, which is set to contribute to the country's projected economic growth of 2.5% in 2024. The demand is largely propelled by major economies like the US and China, underscoring a shift in trading dynamics amid geopolitical tensions.
Source: YAHOO