South Korea’s exports post double-digit growth


SEOUL: South Korea’s export posted a double-digit growth in the first 20 days of February, owing to solid demand for tech products and automobiles, customs office data showed.

Export, which takes up about half of the export-driven economy, amounted to US$30.4bil in the Feb 1-20 period, up 16.7% from the same period of last year, according to the Korea Customs Service. The daily average export, which excludes the working day effect, advanced 29.2% in the 20-day period. The double-digit increase was attributed to robust demand for tech products and cars.

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