SOUTH KOREAN EXPORTS CONTRACTED FOR FIFTH MONTH

Highlights:

• South Korea’s July exports have contracted 9.7% as compared to the exports last year.
• South Korea, the fourth-largest Asian economy has dropped into recession in the second quarter of the year.
• South Korea’s imports for July are expected to fall by 11.5% year-on-year as compared to a fall of 11.2% in June.

South Korea’s exports plunged for ....