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US and China trade war more dangerous than pandemic for Korea, think tank

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A latest report released by Hyundai Research Institute, unveiled the facts about South Korea’s exports in 2021.

It is pointed out that Korean export may be expanded to more than 18% in running year and set a new record during global pandemic.

According to a report, an export are estimated at $605.3 billion in 2021 with more than 10% gain instead of previous years as in 2018 the export recorded at $604.9 billion.

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Hyundai Research Institute believe that this good news have few bad impacts from the political horizons, growing tensions between United States and China over trade and oil issues stands as a hurdle before the Asia’s No. 4th Economy in 2021 also.

A latest report released by Hyundai Research Institute, unveiled the facts about South Korea’s exports in 2021.

A Korean think tank said that growing tensions between United States and China is badly effect the Korean economy same as global pandemic and it is needs to manage politically.

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South Korea’s exports seen high volume from more than 16% in March in fifth consecutive month.

During the primary quarter, the country’s exports advanced twelve.7 % to succeed in $146.7 billion, marking the best quantity for any January-March amount.

In 2020, South Korea witnessed export $512.8 billion worth with about 6% from 2019 amid the pandemic.

Zain Saleem
Zain Saleem
Zain Saleem is an Islamabad-based Senior Journalist

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