Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child

    Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
  2. 2

    Wealthy parents ditch Korean passports to get kids into international school

    Wealthy parents ditch Korean passports to get kids into international school
  3. 3

    Man convicted after binge eating to avoid military service

    Man convicted after binge eating to avoid military service
  4. 4

    First snow to fall in Seoul on Wednesday

    First snow to fall in Seoul on Wednesday
  5. 5

    Final push to forge UN treaty on plastic pollution set to begin in Busan

    Final push to forge UN treaty on plastic pollution set to begin in Busan
  1. 6

    Korea to hold own memorial for forced labor victims, boycotting Japan’s

    Korea to hold own memorial for forced labor victims, boycotting Japan’s
  2. 7

    S. Korea not to attend Sado mine memorial: foreign ministry

    S. Korea not to attend Sado mine memorial: foreign ministry
  3. 8

    Nvidia CEO signals Samsung’s imminent shipment of AI chips

    Nvidia CEO signals Samsung’s imminent shipment of AI chips
  4. 9

    Toxins at 622 times legal limit found in kids' clothes from Chinese platforms

    Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
  5. 10

    Job creation lowest on record among under-30s

    Job creation lowest on record among under-30s
피터빈트

S. Korea expects slower export growth in April

By Yonhap

Published : April 20, 2018 - 13:34

    • Link copied

South Korea will take proactive measures to boost exports to maintain growth momentum despite rising protectionist policies by major trading partners and uncertainties in the global financial market, the government said Friday.

The Ministry of Trade, Industry and Energy expected export growth to slow this month due to sluggish demand for ships, vehicle and auto parts.

"The export outlook is not favorable for April due to protectionist measures in major trading partners, the strengthening local currency and rising volatility in the global financial market," Kim Young-sam, deputy minister for trade and investment, said in a meeting with local trade associations.

(Yonhap) (Yonhap)


The ministry expects slower growth in semiconductors, computers and petrochemical products along with a downbeat outlook for shipbuilders, carmakers and display producers.

South Korea's exports rose 6.1 percent on-year to $51.58 billion last month to mark the largest monthly tally for March, rising for the 17th consecutive month, according to government data.

While brisk sales of high-value memory chips and petrochemical products boosted overall exports in Asia's fourth-largest economy, local shipbuilders and automakers have struggled with weak demand. (Yonhap)

More from Headlines