[KOREAN ECONOMIC NEWS] Good morning, everyone. I’m Yisack Park staff of Kamaindia Pvt. Ltd.
Here I have an important Korean economic news to share with you which is as undermentioned.
South Korea is set to hold tough trade negotiations with the world’s two biggest economies -- the US and China -- this year while navigating rising protectionism around the globe.
An early and smooth conclusion of the negotiations, which trade officials here say is far frm guaranteed, would help improve external conditions for the Korean economy that relies heavily on exports for growth.
According to government data, Asia’s fourth-largest economy saw its exports to China and the US increase 14.2 percent and 3.2 percent on-year to $142.1 billion and $68.6 billion, respectively, last year. Imports frm China and the US also rose 12.5 percent and 17.2 percent to $97.8 billion and $50.6 billion, respectively.
Kamaindia Pvt. Ltd.
Have a nice day.