South Korea's exports jumped 19.3 percent on-year in the first 10 days
of this month led by petrochemical goods, semiconductors and
automobiles, government data showed Saturday.
Overseas shipments
from March 1-10 were estimated at US$1.43 million after hitting a
five-year high in the previous month, the Korea Customs Service said in a
statement.
"Rising oil prices in recent months have boosted
local exporters who had been suffering from slumping oil prices and
slowing demand in global markets," a KCS spokesman said.
Exports of petrochemical goods soared 109.7 percent in the 10 days from the same period of 2016, it said.
Oil price hikes allowed domestic petrochemical companies to sell their products at higher prices and boosted demand in oil-producing countries, helping stimulate the global economy.
http://www.koreaherald.com/view.php?ud=20170311000057
"... It is only in this way that we can hope to arrive at truth, and fulfill the great responsibility which we hold to God and our country. Should I keep back my opinions at such a time, through fear of giving offense, I should consider myself as guilty of treason towards my country, and of an act of disloyalty toward the Majesty of Heaven, which I revere above all earthly kings."....I know not what course others may take; but as for me, give me liberty or give me death!"
Saturday, March 11, 2017
WHO NEW RISING OIL PRICES CAN RAISE EXPORTS - AS AN EXAMPLE S KOREA EXPORT GROWS 20% UNDER THE USA POTUS TRUMP - AS PETROCHEMICAL DERIVED FROM OIL GETS SOLD AT A HIGH PROFIT COST
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