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SOUTH KOREAN EXPORTS SET TO GAIN OVER 10PCT IN 2009.

AsiaPulse News

| December 01, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, Dec 1 Asia Pulse - South Korea's exports are expected to grow 10.3 per cent in 2009, largely due to a steady increase in shipments of machinery and steel products, a report showed Sunday.

According to a report by the Korea Trade-Investment Promotion Agency, or KOTRA, the nation's exports are forecast to reach US$490.6 billion next year, compared with this year's estimated $446 billion.

The agency said that exports to China, the country's biggest overseas market, will gain 16.5 per cent next year. Exports to the Middle East are also expected to post a steady increase on rising demand for machinery and ...

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