Wednesday, 11 August 2010

Korea Aims to Achieve Total Trade Volume of $1 Trillion

Korea’s exports set a new record of $300 billion in early December. Exports have been a key engine driving Korea’s dynamic economic development over the last 45 years. Thus, it is not surprising news among Koreans that this month's extraordinary growth of Korean exports set a new record.

In 1964, Korean exports totaled a modest $100 million. By 1971, that figure had reached $1 billion dollars and $10 billion dollars six years later. Korea’s export total was $100 billion in 1995 and doubled nine years later to reach $200 billion in 2004. Two years later, Korean exports surpassed $300 billion.

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