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South Korea Freight Transport Report Q1 2014

South Korea Freight Transport Market: New market analysis released

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2014-02-10 00:23:02 - South Korea Freight Transport Report Q1 2014 - a new market research report on

Exports from South Korea totalled US$44.74bn in September 2013, a decline of 1.5% year-on-year (y-o-y).

The fall has been attributed to the celebration of the Chuseok holiday during the month, according to Business Report. Statistics Korea has highlighted low inflation in September 2013, linking the trend with lower farming expenditure.

However, as we outlined in our analysis of China´s changing manufacturing landscape and its impact on the North East Asian region (see ´China´s Changing Impact On Regional Manufacturing´, August 30), Korea´s technological supremacy would likely shield it from China´s economic shift towards high-tech manufacturing in the medium term. That said, central to Korean tech companies being able to hold their own against China lies in them keeping up their emphasis and spending



on R&D.

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