South Korean Exports Drop for Fourth Month as Won Strengthens
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South Korea’s exports declined the most in more than two years in April, amid concern that the won’s strength is undermining the competitiveness of sales abroad.
Overseas shipments fell 8.1 percent in April from a year earlier, the fourth straight monthly decline, the Ministry of Trade, Industry and Energy said on Friday. The median of 18 estimates in a Bloomberg survey was for a 6.6 percent drop.