Moody’s predicts Korea’s exports will continue to rise
Korea’s exports are expected to continue to log double-digit growth for a while on the back of steady overseas demand for semiconductors, market research firm Moody’s said Sunday.“We expect annual export growth to keep rising at a double-digit pace thanks to the sustained uptick in the tech cycle lifting shipments of semiconductors and machinery,” Moody’s said in its weekly report. “Korea’s monthly trade surplus likely narrowed to $9.8 billion in July, from $11.4 billion in June.”
Yonhap
with the Korea JoongAng Daily
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