Market Outlook: South Korea's Exports Expected to Rise in December

Forex - South Korea's exports are expected to increase at a higher level in December compared to the previous month's growth rate. According to the median forecast of nine economists surveyed by The Wall Street Journal, shipments are projected to rise by 3.5% year-on-year in December, following a 1.4% increase in November. The survey anticipates that imports will increase by 2.7% annually, resulting in a trade surplus of $4.8 billion. Hana Securities economist Chun Kyu-yeon mentioned that while exports could continue to grow led by strong demand for semiconductors and other information technology products, momentum has been lost due to stagnant shipments of vehicles and petroleum products. South Korea's foreign trade figures will be announced as usual on the first day of the month.