(LEAD) Exports up 45.3 pct in 1st 10 days of Aug. on chips
World1 source1 country🔦 Under-reported27m ago
South Korea experienced a significant economic uptick as the country's overall exports surged by 45.3 percent during the first ten days of August compared to the same period from the previous year. This substantial growth was primarily driven by strong performances in the semiconductor chip sector.
Simultaneously, separate corporate reporting from the same period highlighted financial pressures within the domestic logistics sector, as major industry player CJ Logistics Corp. reported a 36.8 percent decline in its second-quarter net profit, largely attributed to rising operational costs.
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Yonhap English (Seoul, South Korea) (KR)Focuses on corporate earnings decline and rising costs for CJ Logistics