SEOUL : South Korea's exports fell in March year-on-year for the sixth month in a row, hit by a cooling global economy and a persistent slump in the semiconductor sector, but exports did not fall by as much as expected, data showed on Saturday.Asia's fourth-largest economy exported goods worth $55.12 bill
SEOUL : South Korea's exports fell in March year-on-year for the sixth month in a row, hit by a cooling global economy and a persistent slump in the semiconductor sector, but exports did not fall by as much as expected, data showed on Saturday.
Asia's fourth-largest economy exported goods worth $55.12 billion in March, down 13.6 per cent from a year earlier, the trade ministry's data showed, compared with drops of 7.5 per cent in February and the 17.5 per cent tipped in a Reuters poll.Imports in March fell 6.4 per cent to $59.75 billion, versus a 3.5 per cent rise in the previous month and a 6.6 per cent fall expected by economists. It was the fastest drop since August 2020.
As a result, the country clocked a trade deficit of $4.62 billion in March, the 13th consecutive month of deficits.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
North Korea executes people for South Korean videos, drugs: ReportSEOUL — North Korea executes people for drugs, sharing South Korean media, and religious activities as it stifles its citizens' human rights and freedom, its rival, South Korea, said in a report on Thursday (March 30). South Korea's Unification Ministry, which handles inter-Korean affairs, based the 450-page report on testimony collected from 2017 to 2022 from more than 500 North...
Read more »
North Korea executes people for South Korean videos, drugs: ReportSEOUL: North Korea executes people for drugs, sharing South Korean media, and religious activities as it stifles its citizens' human rights and freedom, its rival, South Korea, said in a report on Thursday (Mar 30). South Korea's Unification Ministry, which handles inter-Korean affairs, based the 450-page
Read more »
US chip subsidy criteria could be a 'burden', says South KoreaSEOUL : Criteria to qualify for new U.S. semiconductor subsidies could be 'burdensome' for companies such as Samsung Electronics Co Ltd and SK Hynix Inc, South Korea's trade minister said on Thursday.Conditions include sharing excess profit with the U.S. government, and three industry sources said the app
Read more »
North Korea executes people for South Korean videos, drugs: ReportDeaths and torture regularly occur in detention facilities, the report noted. Read more at straitstimes.com.
Read more »
South Korea bonds not yet added to WGBI in FTSE Russell index review:South Korea, India, and Switzerland will remain on watch lists for possible country reclassification and inclusion in key government bond indexes, FTSE Russell said on Thursday.India and Switzerland have been on watch since 2021 for possible inclusion in the FTSE Emerging Markets Government Bond Index (EMGBI
Read more »
South Korea calls for cooperation of lenders to lower borrowing costsSEOUL : South Korea's top financial regulator on Friday called on the country's major financial groups for cooperation with the government's efforts to help cut borrowing costs for vulnerable people.'There have been efforts made in the financial sector to lower interest rates on new loans, but those effor
Read more »