Korea’s exports have risen 3.6% year-on-year for September so far, marking the first time since March that exports have increased over a 20-day period.
Overseas demand for automobiles, memory chips and semiconductors contributed to the ₩1.2 trillion or A$1.4 billion year-on-year increase in export value between September 1-20. For example, automobile shipments increased by 38.8% year-on-year.
This news follows the OECD Economic Outlook (September) forecasting that Korea will rank second for economic growth for 2020 out of its 37 member countries.
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