Moving to normalcy: Menus of restaurants on display in Seoul as the government allows larger social gatherings and lifted business-hour restrictions on restaurants starting yesterday. — AP
SEOUL: South Korea’s exports posted solid gains in October, but cooling momentum in its manufacturing sector highlighted challenges to the global trade recovery from supply chain disruptions and China’s energy shortage.
Exports advanced 24% from a year earlier, compared with economists’ estimate for a 28.5% gain, according to Trade Ministry data released yesterday. The value of shipments – at US$55.6bil (RM230.5bil) – was a record for October, a statement from the ministry showed.
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