[THE INVESTOR] South Korea’s July exports so far have plunged 21.6 percent from a year ago, fueling worries that exports will continue to spiral in the second half of the year.
According to the Korea Customs Service, exports between July 1 and July 10 came in at about US$ 10.35 billion, down 21.6 percent compared to the same period last year. From Jan. 1 to July 10, the country’s exports dropped 10.5 percent from a year ago to come in at US$ 252.1 billion.
Until June, South Korea’s monthly exports showed year-on-year drop for 18 consecutive months, weighed down by slowing demand in emerging markets, and growing economic uncertainties facing the global economy.
By Choi He-suk (
cheesuk@heraldcorp.com)
