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South Korea's Nov. exports up 18.8 percent

Tue, 12/01/2009 - 10:59 by shalini.bahadur

Seoul -- South Korea Tuesday reported its November exports jumped 18.8 percent from the same period of last year, producing a monthly trade surplus of $4.05 billion.

The Ministry of Knowledge Economy said the November numbers, driven by semiconductors, displays and petrochemicals, were the 10th straight month of year-to-year increase, Yonhap news agency reported.

November exports rose 18.8 percent to $34.27 billion, while imports rose 4.7 percent from the same month of last year to $30.22 billion, resulting in a $4.05 billion surplus, up from $3.63 billion in October.

S. Korean shipbuilding industry hit

Wed, 07/01/2009 - 11:21 by preet_20

Seoul, July 1: South Korean ship builders have been hit hard by the global economic slowdown as new orders plunged in 2009 first half, industry sources told Yonhap.

The slump has hit South Korea's leading shipbuilders, the South Korean news agency reported.

The three major shipyards received combined orders of only $1.23 billion in the first six months of this year, compared with $34.1 billion in the same period of last year, Yonhap said.

Copyright 2009 by United Press International.