Korea has raised the red flag due to an all-time high trade deficit.

As per Last month, South Korea posted an all-time high trade deficit as a result of ballooning raw material import prices and comparatively poor export growth, raising a red flag for Asia's 4th largest economy, which is heavily reliant on exports for growth.

According to the Ministry of Trade, Industry, and Energy, the country's imports rose 28.2 percent year from $66.14 billion in August, while exports rose only 6.6 percent ....