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BOK Forecasts Exports to Hit KRW 12.9 Billion in Chungbuk This Year
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According to Yonhap News,

The Bank of Korea(BOK) said on August 18 that exports in Chungbuk are expected to record KRW 12.9 billion in 2011. It said that exports in the first half of this year amounted to KRW 6.32 billion on the back of booming exports in semiconductor and optical devices.

The BOK said that exports in Chungbuk has been on the rise with an annual growth rate of 11.3%.

It pointed out that Chungbuk needs to diversify its export items and markets to maintain its upward trend.

Currently, a sizable portion of export revenues are flowing to overseas markets as Korea uses imported parts and materials. The BOK said that Chungbuk needs to foster parts and material businesses to improve revenue structure.

It emphasizes that Chungbuk needs to support export SMEs to create more jobs.

Source Text

Source: Yonhap News (August 18, 2011)

** This is an English translation of a Korean news article.