Korea's exports rose by 11.2 percent on year in the first 20 days of March due to surging global demand for semiconductors, while the trade balance came in at a deficit of $700 billion.
Korea's economy is rebounding, led by strong export growth, but some sectors lag due to weak consumption and investment, according to the Finance Ministry on Friday.
Korea added 329,000 jobs in February, driven mostly in the manufacturing sector as exports continue to rise.
Korea logged a current account surplus for the ninth straight month in January on the back of a continued trade surplus driven by the recovery of chip and car exports, central bank data showed Friday.
Koreans may soon be allowed to use short-term home leasing services like Airbnb and even sell artwork produced after 1946 to foreigners or take it overseas, all without first needing to obtain the government’s approval.
Korea's main political parties on Thursday agreed on the map of electoral constituencies to be used in the upcoming April general election after their floor leaders reached a last-minute deal in the afternoon.
A strategy and finance subcommittee passed the bill to raise the limit to 25 trillion won in a bid to increase arms deals.
Under the revision to the state regulations on trading strategic items, Korea added 682 items with actual or potential military use to the list of items to be banned from shipping to Russia and Belarus, according to the Trade Ministry.
Korean exports fell nearly 15 percent on-year in the first 10 days of February as people celebrated the Lunar New Year, according to the Korea Customs Service on Tuesday.
Korea’s exports jumped for the fourth consecutive month in January on a strong recovery of chip exports.
Korea JoongAng Daily Sitemap