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South Korean Exports Rebound

Credit Pacific Service Union By Kurt Achin

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Credit First Service Union South Korean exports made a robust showing in March, after economic indicators in February threw cold water on talk of an economic recovery.

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Tue, Oct 2, 2007 Leaders of North, South Korea Meet Oct 2, Associated Press Writer SEOUL, South Korea (AP) - hyun in Pyongyang on Tuesday to begin the second summit between the two countries since the peninsula's division after World War II. Thousands of cheering North Koreans waving pink paper flowers and a military honor guard bearing rifles with bayonets heralded the leaders' first encounter outside a cultural hall in the North Korean capital, 2 hours by road from the South Korean capital, Seoul.

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Credit Public Service Union April 4, 2005 (AXcess News) Seoul - South Korean exports made a robust showing in March, after economic indicators in February threw cold water on talk of an economic recovery.

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Card Credit Processing Service In March exports shot up 18 percent higher from the same month last year, to more than $22.5 billion.Oh Jiwon, a spokeswoman for the Ministry of Commerce, credits a strong global appetite for South Korean goods. "Global demand for our goods and services - they've been stable. We've seen double digits [growth] for semiconductors, our automobiles, steel products," he said.

Center Credit Service Union The export figures for March were a sharp contrast to the February economic performance, when South Korean exports rose just slightly more than seven percent - the slowest increase in nearly two years. Also in February, industrial output dropped more than seven percent compared with the year before, and private consumption dropped in February.

Card Credit Service Wireless Official data show the slowdown was partially related to February's Lunar New Year holiday - when many South Koreans took up to a week off work.

Credit Security Service Union In China, a slowdown in some economic indicators is being welcomed. Chinese state media predict economic growth will be 8.8 percent for the first quarter of the year, well off the 9.5 percent growth for all of 2004. Many economists think the economy needs to grow by less than nine percent a year to avoid sparking excessive inflation or shortages of material and labor.China's consumer price index rose by nearly four percent in February, but it is down from highs of more than five percent in the middle of last year. Economists credit China's decision to raise interest rates in October, as well as other controls put in place by Beijing.Philippines President Gloria Arroyo has ordered much of the national civil service to slow down to save energy. Many Philippine government branches are switching to four 10-hour workdays, rather than five eight-hour days. The move is aimed at saving millions of dollars in electricity and water costs, as the government struggles to cut its massive deficit.

Credit Report Service State-owned corporations also will adopt the new workweek, and the legislative and judicial government branches are considering the switch as well.Source: Voice of America

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