‘US rate hike will burden Korean exporters’
The US interest rate hike will likely pose more burden on Korea’s export-based economy as it will affect the emerging markets which Korea heavily depends on, a report said Thursday. According to a report by the Korea International Trade Association, the strengthening dollar may lower material costs and cause capital outflow, triggering an impact on emerging markets such as China, Central and South America, which could affect the Korean economy. From January to October this year, emerging countries made up 57.1 [...]
