Business (Wire)

S. Korea’s exports sink 7.9 pct in 2015

Yonhap News
Written by Yonhap News

SEOUL, Jan. 1 (Yonhap) — South Korea’s exports plunged 7.9 percent last year from a year earlier due largely to the global economic slowdown and a drop in oil prices, government data showed on Friday.

The country’s exports reached US$527 billion, while its imports dropped 16.9 percent on-year to reach $437 billion last year.

Its trade surplus reached a record high of $90.4 billion last year, the data showed.


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Yonhap News

Yonhap News

Yonhap News is South Korea's largest news agency based in Seoul.

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