Korea's economy is
on the back of its current account surplus
http://www.chosunonline.com/site/data/html_dir/20019/06/03/2019060380008.html
2019/06/03
Korea's exports in May decreased 9.4 percent from a year earlier.
The rate of decline has expanded since April (down 2.0%).
Semiconductor exports, the top exporter, fell 31% ,
and exports to China were down 20% .
The trade balance in May was $ 2.27 billion,
down by 64% from the same period last year .
Exports turned negative six months ago , an ominous sign.
The Korean government has indicated that the current account balance, which is a combination of goods, services, and income,
may stop in April for the 83rd consecutive month of surplus .
It is expected that the current account
in April will be a small deficit after dividend payments to foreigners.
The dividend for foreigners is a dollar-denominated fund
The dividend for foreigners is a dollar-denominated fund
that flows out overseas every year in April.
If the current account deficit goes into deficit for the first time in seven years, the main cause is the decrease in exports,
but because it is not desirable to admit it, it is a form that adds another reason.
The current account deficit may continue in May,
as the trade surplus in May dropped to about half of April ($ 4 billion).
Semiconductor prices (8 gigabit DRAM),
which account for 21% of exports, have fallen below $ 4 recently.
The market is forecasting that the recovery
of semiconductor prices will be delayed from April to April next year.
Export is a pillar supporting the Korean economy .
Export is a pillar supporting the Korean economy .
The Korean government boasts that the growth rate of private consumption
(up 2.8%) last year exceeded the economic growth rate (2.7%)
for the first time in 13 years since 2005,
but exports contributed about half of the economic growth rate last year .
Of the forecasted growth rates this year (2.5 percent, the Bank of Korea),
the contribution of domestic demand and exports is 1.5 points and 1.0 points,
respectively.
If exports remain negative, it will be difficult to achieve growth targets.
The two pillars that have supported t
The two pillars that have supported t
he Korean economy's external credit rating are fiscal soundness
and current account surplus.
The fiscal soundness is rapidly lost due to taxation,
and if the current account is in deficit for the first time in seven years ,
there may be a red light on external creditworthiness .
There are already signs of uncertainty in the foreign exchange market.
The won-dollar exchange rate has fallen
by 7% since the beginning of the year,
and the weak won level is approaching, which is less than 1200 won.
Under these circumstances, US-China trade disputes,
Under these circumstances, US-China trade disputes,
which adversely affect the Korean economy, are escalating.
From this month, China has launched a 25% retaliatory duty equivalent
to $ 60 billion of US imports.
The US is considering adding an additional retaliatory duty
to the remaining $ 300 billion of imported goods that have been excluded
from retaliatory duty without being bound by China's backlash.
The US-China trade war is likely to expand from the customs war
to the " forex war " and the " technical war ".
It has become difficult to sustain the “security in the US, economy in China”
policy any longer.
Uneasy people buy money and dollars,
and companies are immersed in foreign investment.
Despite the situation, the president
" Korean economy is heading for success "
Deputy prime minister said
"I will improve in the second half"
Only the words are repeated.
South Korea's exports to fall for six consecutive months,
April current account deficit also expected to fall deficit
http://www.chosunonline.com/site/data/html_dir/20019/06/03/2019060380007.html
2019/06/03
Korea's Ministry of Industry, Trade and Resources Ministry
(equivalent to the province)
announced on the 1st
that Korea's exports in May decreased 9.4% year-on-year
to $ 45.91 billion.
The decline will be for six consecutive months .
Exports declined from 11.4 percent in February to 2 percent in April,
Exports declined from 11.4 percent in February to 2 percent in April,
but again in May.
Ministry of Industry, Trade and Resources
"The main reason is the escalating US-China trade war, the sluggish semiconductor market, and the decline in exports
due to the recession in China ."
And explained.
Exports of 10 out
Exports of 10 out
of the main 13 items fell below the same month last year .
Exports of semiconductors increased sharply
from 13.7% in April to 30.5% in May.
The decline in semiconductor unit prices,
the slump in demand for smartphones,
and the favorable conditions of last year,
which were the subject of comparison, all had a mixed impact.
Wireless communication equipment (32.2% decrease),
Petrochemical (16.2% down),
Display (13.4% decrease),
Petroleum products (down 9.2%),
Steel products (down 7.6%),
Sales of auto parts (down 7.5%) were also sluggish.
Vehicles (up 13.6%) and ships (up 44.5%) showed double-digit growth.
By region, exports to China and the European Union (EU) dropped sharply .
In particular , exports to China were down 20.1% .
With a significant decline in exports,
With a significant decline in exports,
the trade balance in May was a surplus of $ 2.27 billion.
It has been a 88-month consecutive surplus,
but the margin has shrunk to one-third compared to $ 6,229 million last May.
Compared with April ($ 4,003 million), it decreased by 43% .
The current account balance in April is expected
to be in the red as the trade surplus declines.
BTS members famous for atomic bomb T-shirts are crazy inside the bus Videos leaked! https://twitter.com/i/status/1062852872176451584
Overseas fans seem to be exactly the same
Suddenly overflowing with compliments of English praise. Creepy…
http://www.ekn.kr/news/article.html?no=398456
https://news.v.daum.net/v/20181106030037589
http://www.koreaherald.com/view.php?ud=20181114000854
A song called BTS "run". Members are suffering in waters in the water.
MV release date, March 11, It is the day of the Great East Japan Earthquake.
I can not forgive as a Japanese citizen.
BTS wearing a comfort Woman wear
Dokdo is also doing anti-Japanese act of singing our territory.
Dokdo is also doing anti-Japanese act of singing our territory.
The capital flight started
World stock price / Korea KOSPI
Do not move, government intervention,
Trading suspension, circuit breaker activation,
power off of server,
Koria have a proven track record.
Yuzuru Sato
Korea attacks Japan by combining hands with North Korea and China
Propaganda neglect affects the recreation of the comfort women problem,
the activities of Japanese companies around the world
Possibility of losing in the image strategy at the US jury trial.
DiffusionHopeGermanNGOSupportLaosAdoptVillage
DiffusionHopehttps://laos.oxfam.org/
Englisharticles futukiitihoyoujiyo
Please Click！
↓ ↓ ↓ ↓
