Daily Archives: Jan 1, 2013

South Korea’s exports fell unexpectedly in December but the government insists the economy is recovering.

Exports, which make up about half the nation’s economy, dropped 5.5 per cent in December from a year earlier after two months of expansion, renewing concerns about the country’s economic outlook. But the government attributed the fall to fewer working days and stressed that the economic recovery was on track, as average exports on working days still increased 7.6 per cent last month. 

* S Korean exports fall more than expected

* Official China PMI shows growth

* UN sanctions Congo rebels

* Posco in Canada deal

* S Korean legislature limits chain stores

* Chinese FDI in US rises 12 per cent