[THE INVESTOR] Exports by South Korean venture companies have fared relatively well this year despite the country’s overall outbound shipments continuing to suffer, stung by the continued sluggishness of the global economy, data showed on Aug. 18.

Overseas shipments by local start-ups came to US$9.99 billion in the first seven months of the year, up 0.8 percent from the same period a year earlier, according to the data by the Korea International Trade Association.

In July alone, their exports rose 1.7 percent on-year, marking a rise for the third consecutive month following a 9.8 percent on-year gain in May and a 5.8 percent advance in June, the data showed.

Such a modest rise was attributed to increased shipments to the U.S., Japan and Vietnam.

In the January-July period, exports to the US advanced 5 percent on-year to reach $1.37 billion, while the corresponding figure for Vietnam was $1.05 billion, up 11.1 percent from a year earlier. Shipment to Japan also soared 16.5 percent on-year to reach $906 million over the cited period, the data showed.


(theinvestor@heraldcorp.com)