US EditionExports to rise 13% in Q1 on robust chip demand: Exim Bank
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Exports to rise 13% in Q1 on robust chip demand: Exim Bank
Korea's exports are expected to increase by nearly 13 percent from a year earlier in the first quarter, driven by strong global demand for semiconductors, the state-run Export-Import Bank of Korea (Exim Bank) said Wednesday. According to a report by the bank's Overseas Economic Research Institute, first-quarter exports are projected to reach around $180 billion, up about 12.85 percent from $159.5 billion a year earlier. "Though the overall trade…
South Korea's semiconductor industry hit a new record high in exports in January. Samsung Electronics and SK Hynix are competing with each other, achieving a combined operating profit of more than 300 trillion won (US$290 billion), raising hopes that they will drive economic growth.
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