South Korea’s Economy is Showing Signs of Improvement Thanks to Exports


The Ministry of Economy and Finance recently published the Green Book which outlined the economic state of the country. After seven months of economic sluggishness, exports have been on the decline for ten months, yet the nation has still been able to maintain a trade surplus for the past two months. Consumer prices have been dropping for six months and the extreme weather conditions may cause further instability.

The report also highlighted the potential recovery of the IT industry, though the unsteady prices of raw materials due to the Russia-Ukraine conflict remain a problem.

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