[THE INVESTOR] South Korea’s exports expanded more 16.4 percent in the first 10 days of the month, customs data showed on Aug. 11.
Outbound shipments totaled US$9.7 billion from Aug. 1-10, according to the Korea Customs Service.
Exports of semiconductors jumped 18.8 percent on-year and those of automobile components soared 41.3 percent over the cited period.
The on-year increase is largely derived by more working days than the previous year, as this year has 8.5 business days, 1.5 days more than a year earlier.
Without such effect, the latest 10-day figure virtually represents a 4.2 percent on-year fall, raising concerns that the monthly exports will post negative growth again in August, extending its losing streak to 20 straight months.
(theinvestor@heraldcorp.com)
Outbound shipments totaled US$9.7 billion from Aug. 1-10, according to the Korea Customs Service.
Exports of semiconductors jumped 18.8 percent on-year and those of automobile components soared 41.3 percent over the cited period.
The on-year increase is largely derived by more working days than the previous year, as this year has 8.5 business days, 1.5 days more than a year earlier.
Without such effect, the latest 10-day figure virtually represents a 4.2 percent on-year fall, raising concerns that the monthly exports will post negative growth again in August, extending its losing streak to 20 straight months.
(theinvestor@heraldcorp.com)