trade account Archives | Be Korea-savvy

Ominous Clouds to Gather Over Korea’s Export Front

SEOUL, Nov. 1 (Korea Bizwire) –South Korea’s exports contracted at the steepest rate in six years in October as outbound shipments backtracked for the 10th straight month this year, the government said Sunday. Outbound shipments came to US$43.47 billion last month, down 15.8 percent from the same month last year, the sharpest drop since a [...]

Korea Posts Trade Surplus for 40th Month in Row

SEJONG, June 15 (Korea Bizwire) — South Korea posted a trade surplus for the 40th month in a row in May as imports dropped at a faster pace than exports, customs data showed Monday. According to the data by the Korea Customs Service (KCS), the country’s trade surplus reached US$6.3 billion last month, down from $8.53 [...]