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South Korea Has $6.7 Billion Trade Shortfall In October
(RTTNews) - South Korea posted a merchandise trade deficit of $6.7 billion in October, the Ministry of Trade, Industry and Energy said on Tuesday.
The missed expectations for a shortfall of $3.94 billion following the downwardly revised $3.78 billion deficit in September (originally -$3.70 billion).
Exports dropped 5.7 percent on year, also shy of forecasts for a decline of 3.0 percent following the downwardly revised 2.7 percent increase in the previous month (originally 2.8 percent).
Imports jumped an annual 9.9 percent versus expectations for an increase of 6.9 percent following the 18.6 percent spike a month earlier.
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Bank Of Korea Holds Rate Amid Trade Uncertainty, Won Volatility
The Bank of Korea kept its interest rate unchanged on Thursday as uncertainty about future growth increased due to the changes in the US trade policies and the implementation of government stimulus measures, while the currency showed a high volatility over a short period of time. The monetary policy board, governed by Rhee Chang Yong, decided to maintain the Base Rate at 2.75 percent.
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South Korea February Current Account Surplus $7.18 Billion
South Korea posted a current account surplus of $7.18 billion in February, the Bank of Korea said on Tuesday - up from $2.94 billion in January.
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South Korea Manufacturing PMI Falls To 49.1 - S&P Global
The manufacturing sector in South Korea continued to contract in March, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 49.1.
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South Korea Has $4.99 Billion Trade Surplus
South Korea posted a merchandise trade surplus of $4.99 billion in March, Statistics Korea said on Tuesday.
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South Korea Industrial Production +1.0% In February
Industrial output in South Korea was up a seasonally adjusted 1.0 percent on month in February, Statistics Korea said on Monday.
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South Korea Business Sentiment Index Improves To 86.7 - BoK
The Composite Business Sentiment Index (CBSI) for all industries in South for Mar 2025 was 86.7, up 1.4 points from the previous month, the Bank of Korea said on Wednesday. The outlook for the following month fell by 2.4 points to 85.6.
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South Korea Consumer Sentiment Index Ebbs In March - BoK
South Korea's Composite Consumer Sentiment Index for March stood at 93.4, the Bank of Korea said on Tuesday - dipping from 95.2 in February.
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South Korea Producer Prices Unchanged In February
Producer prices in South Korea were flat on month in February, the Bank of Korea said on Friday, after rising 0.6 percent in January.
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