South Korea's exports surge, led by semiconductors, despite automotive sector decline.

South Korea's exports rose 5.8% year-on-year in the first 20 days of November, driven by a 42.5% increase in semiconductor exports. The country saw a trade surplus of $798 million, with total exports reaching $35.6 billion. However, automotive exports fell 17.7%. Imports declined 1% to $34.81 billion. Despite the positive trend, Morgan Stanley warned that changes in the US administration could pose risks to South Korea's economic growth.

November 21, 2024
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