South Korean exports are expected to rise by 13% in the first quarter
SEOUL, February 7, 2017 (WAM) – The State Export-Import Bank of South Korea expected, on Saturday, that South Korean exports will rise by about 13% over the previous year in the first quarter of this year, driven by strong global demand for semiconductors.
According to a report issued by the bank’s Foreign Economic Research Institute, exports in the first quarter are expected to reach about 180 billion US dollars, an increase of about 12.85% from 159.5 billion dollars in the previous year.
South Korea’s Yonhap News Agency quoted a bank official as saying that although the overall business environment remains weak, the strong performance in the semiconductor sector has limited the negative impact on export conditions.
In general.
Exports in January rose by 33.9% year-on-year to reach $65.85 billion, the highest level ever recorded in any of the January months, on the back of strong demand for semiconductors amid…
Artificial intelligence boom globally.
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