Seoul: Exports by industrial powerhouse South Korea unexpectedly fell in December, hit by fewer working days and as global demand has yet to fully recover from a year-long slump.
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Seoul: Exports by industrial powerhouse South Korea unexpectedly fell in December, hit by fewer working days and as global demand has yet to fully recover from a year-long slump.
Overseas shipments last month fell by 5.5 per cent from a year earlier to $45.10 billion while imports fell by 5.3 per cent to $43.07 billion, the Ministry of Knowledge
London: Britons’ mortgage repayments exceeded new borrowing during the third quarter of 2012, but by the smallest margin since early 2010, figures from the Bank of England showed on Monday.
The net injection of housing equity totalled £8.043 billion in the third quarter, equivalent to 2.9 per cent of post-tax income — down from £9.439 billion in the
Seoul: South Korea’s trade surplus in 2012 shrank 7.1 per cent to $28.6 billion (Dh105.05 billion) in 2012 as exports were hit by shrinking demand in the key European market.
Overseas shipments fell 1.3 per cent to $548.2 billion (Dh2.01 trillion) last year, while imports slipped 0.9 per cent to $519.5 billion, the Ministry of Knowledge Economy
South Korean companies are regaining their appetite for European acquisitions, encouraged by the drop in asset prices caused by the continent’s debt crisis and the strength of the won.
But the trend is raising concerns that Korean companies may repeat the mistakes of the past when they often struggled to integrate their overseas purchases.
“As a l
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