New Report Available: South Korea Freight Transport Report Q3 2013
The cyclical rebound in economic momentum that began in H212 has failed to gain significant traction in 2013. Year-to-date exports have grown only 0.5% year-on-year (y-o-y) while imports are struggling to break out of contractionary territory. Trade momentum has failed to pick up despite an uptick in the global semiconductor industry and weak order growth suggests that this trend is likely to persist going forward, which will have a knock-on effect on the South Korean freight industry.
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