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S. KOREA'S EXPORTS RISE 11.5 PCT TO US$28.28 BLN IN OCTOBER.
SEOUL, Nov 1 Asia Pulse - South Korea's exports rose 11.5 per cent from a year ago to US$28.28 billion in October, fueled by strong overseas demand for LCD panels, semiconductors, ships and steel, a government report said Wednesday.
Imports gained 13.6 per cent year-on-year to $25.74 billion, with the country's trade surplus standing at $2.54 billion, according to the report by the Ministry of Commerce, Industry and Energy.
October marked the ninth straight monthly double-digit rise in exports, a clear indication that South Korean products have gained international competitiveness despite uncertainties surrounding North Korea's detonation of a nuclear device on Oct. 9.
The three-day Chuseok fall harvest holiday, which fell early in the month, also did not affect shipments of goods abroad, the ministry said. South Koreans worked for 20.5 days last month, which is the lowest number this year.
On a daily basis, South Korean companies shipped out a record average of $1.38 billion worth of goods, exceeding the previous record of $1.27 billion posted for September. South Korea ...
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Source: HighBeam Research, S. KOREA'S EXPORTS RISE 11.5 PCT TO US$28.28 BLN IN OCTOBER.