403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
S. Korea's exports to Europe to drop 5.8 percent on Grexit
(MENAFN) According to a trade agency, South Korea's exports to Europe are expected to drop 5.8 percent due to the economic impact of Greece's possible exit from the eurozone, Yonhap News reported.
The Korea International Trade Association (KITA) said that by segment, ships, automobiles, displays and mobile devices, will be major losers if the awaited Greece exit happens.
"If the Grexit happens, the eurozone's economy growth will fall 1 percentage point and the South Korean won will add 13.6 percent against the euro. This will lead to a 5.8 percent drop in exports," KITA said.
The Korea International Trade Association (KITA) said that by segment, ships, automobiles, displays and mobile devices, will be major losers if the awaited Greece exit happens.
"If the Grexit happens, the eurozone's economy growth will fall 1 percentage point and the South Korean won will add 13.6 percent against the euro. This will lead to a 5.8 percent drop in exports," KITA 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.
Most popular stories
Market Research
More Story
Comments
No comment