S. Korea’s exports rise for 4th straight month in Jan.

South Korea's exports moved up for the fourth consecutive month in January on the back of the recovery of semiconductor shipments, data showed Thursday. Outbound shipments advanced 18 percent on-year to US$54.6 billion last month, according to the data compiled by the Ministry of Trade, Industry and Energy. Imports fell 7.8 percent on-year to $54.3 billion last month, resulting in a trade surplus of $300 million. South Korea's exports, meanwhile, decreased 7.4 percent on-year in 2023 amid the sluggish performance of chips coupled with global economic uncertainties. Exports, a key economic growth engine for South Korea, rebounded in October after 13 months of an on-year decline. Source: Yonhap News Agency

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