S Korea export tops $50b for 5 months

South Korea’s export topped 50 billion US dollars for five months to September due to robust demand for locally-made semiconductor and oil product, a government report showed Monday, reports Xinhua from Seoul.

Export, which accounts for about half of the export-driven economy, amounted to 50.58 billion dollars in September, according to the Ministry of Trade, Industry and Energy.

It was down 8.2 per cent from a year earlier on less business days, but the monthly figure exceeded 50 billion dollars for five months since May.

The Chuseok holiday, the country’s Thanksgiving Day, moved to September this year from October last year, reducing the number of working days last month by 4 days.

The ministry forecast the country’s export would post a double-digit growth in October.

 

S Korea export tops $50b for 5 months

South Koreas export topped 50 billion US dollars for five months to September due to robust demand for locally-made semiconductor and oil product, a government report showed Monday, reports Xinhua from Seoul. Export, which accounts for about half of the export-driven economy, amounted to 50.58 billion dollars in September, according to the Ministry of Trade, Industry and Energy. It was down 8.2 per cent from a year earlier on less business days, but the monthly figure exceeded 50 billion dollars for five months since May. The Chuseok holiday, the countrys Thanksgiving Day, moved to September this year from October last year, reducing the number of working days last month by 4 days. The ministry forecast the countrys export would post a double-digit growth in October.