South Korea's exports moved up for the fourth consecutive month in January on the back of the recovery of semiconductor shipments, data showed Thursday. Outbound shipments advanced 18 percent on-year to US$54.6 billion last month, according to the data compiled by the Ministry of Trade, Industry and Energy. Imports fell 7.8 percent on-year to $54.3 billion last month, resulting in a trade surplus of $300 million. South Korea's exports, meanwhile, decreased 7.4 percent on-year in 2023 amid the sluggish performance of chips coupled with global economic uncertainties. Exports, a key economic growth engine for South Korea, rebounded in October after 13 months of an on-year decline. Source: Yonhap News Agency
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