Trade Surplus Projected to Top $10 Bil.Next Year

Korea Times (Seoul, Korea), December 1, 2000 | Go to article overview

Trade Surplus Projected to Top $10 Bil.Next Year


Korea will be able to register about $10 billion in trade surplus next year, down from this year's estimate of $13 billion to $14 billion.

Kim Jae-chol, chairman of the Korea International Trade Association (KITA), made the projection in a meeting with reporters yesterday on the occasion of the 37th Trade Day.

``The trade surplus for the year is expected to surpass the original target of $12 billion, boosted by the booming sales of information and technology products like semiconductors, computers and cellular phones,'' he said.

He foresaw that the nation would face an aggravated trade climate next year, due to the economic slowdown in major developed markets like the United States, Japan and the European Union.

Less developed nations in Southeast Asia and Latin America are forecast to see economic rebounds, but there are many factors dimming trade prospects, according to Kim.

He went on to point out that the steady depreciation of the currencies of rival trading nations, like Japan, EU and Southeast Asia, is likely to weaken the export competitiveness of domestic products.

Concerning the reason of the projection for the dwindling surplus next year, he cited the steady decline in prices of semiconductors and the saturated markets for sales of major items like computers and mobile phones.

In order to narrow the widening trade deficit with Japan, he stressed the need to decrease the reliance on Japan by raising competitiveness in the areas of material and component industries. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Trade Surplus Projected to Top $10 Bil.Next Year
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.