April 20, 2024

• 

[THE INVESTOR] Korea’s exports rose 9.6 percent in November from a year earlier to mark the 13th consecutive monthly gain, government data showed on Dec. 1.

Outbound shipments came to US$49.67 billion for November, up from US$45.3 billion a year earlier, according to data compiled by the Ministry of Trade, Industry and Energy and the Korea Customs Service.

The total value of exports in the first 11 months of this year hit a record high of US$528.4 billion.

Exports for Asia’s fourth-largest economy have been on a steady rise since November 2016, led by an upturn in oil prices and recovering global trade.

Imports also jumped 12.3 percent on-year to US$41.83 billion last month.

Korea’s trade surplus came to US$7.84 billion, marking 70 straight months in which the country’s exports have exceeded imports, the ministry said.

By Alex Lee and newswires (alexlee@heraldcorp.com)