[Photo] Container Boxes Piled Up at Busan Port View original image


The Busan Port Sinsundae Pier, where a new milestone in South Korea's 66-year trade history was achieved, is filled with import and export cargo. Despite the global COVID-19 pandemic crisis this year, South Korea set a new record by surpassing an annual export value of $640 billion, driven by growth in key industries such as semiconductors, shipbuilding, and automobiles. However, with the resurgence of COVID-19 dampening recovering consumer sentiment and escalating US-China tensions, the outlook for South Korea's export-driven economy next year is not entirely bright. /Busan = Reporter Kang Jinhyung aymsdream@



This content was produced with the assistance of AI translation services.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing