(MENAFN) China's growing competitiveness in international trade is causing South Korean exports to lose market share, which can spell trouble for Asia's fourth-largest economy, Yonhap News reported.
Chinese products with good export potential are forcing South Korean goods to surrender market share, the Korea Development Institute (KDI) said in a report it released recently.
"From the third to the fourth quarters of last year, there was a steady rise in global trade volume, yet South Korean exports continued to backtrack, which raised alarm bells," KDI said.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.