South Korea's Exports Fall Most Since 2009 as China Slows
- Decline in exports was deeper than forecast by economists
- Korea generates about half its GDP from overseas shipments
This article is for subscribers only.
South Korea -- the world’s biggest exporter to China -- is getting squeezed as weaker demand from its larger neighbor helped send its shipments tumbling the most since 2009.
The nation’s exports plunged 14.7 percent in August from a year earlier, an eighth straight monthly decline, as shipments to all its major markets fell, according to the trade ministry. Economists had forecast a 5.9 percent drop.