April 25, 2024

• 

[THE INVESTOR] A local association of exporters in South Korea pledged to do what it takes to boost the country’s exports this year, despite what it called many lingering risks at home and abroad.

“The ongoing political turmoil continues to have a great impact on our economy and exports. The country failed to achieve its goal to expand exports quantitatively and reach US$1 trillion in trade last year, but I believe we have showed a lot of potential for future growth,” said Kim In-ho, head of the Korea International Trade Association.

In 2015, the country‘s overall exports plunged 7.9 percent on-year to $527 billion, followed by a 5.9 percent cut to $495.5 billion last year. KITA forecasted earlier that the country’s exports would rise 3.9 percent on-year to $516.5 billion this year.

(theinvestor@heraldcorp.com)