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S. Korea's trade deficit in September could be in red for sixth straight month Updated: 2022-09-21 12:07:27 KST

For the first time in 25 years South Korea's balance of trade this month could be in the red for the 6th straight month.
According to the Korea Customs Service on Wednesday exports during the first 20 days of September amounted to almost 33-billion U.S. dollars.
That's down 8.7 percent on-year and the agency is linking the drop to fewer working days given the Chuseok holiday this month.
Meanwhile imports over the same period amounted to around 37-billion dollars up more than 6-percent on-year.
To address the prolonged deficit Finance Minister Choo Kyung-ho has spoken about earmarking some 9-million U.S. dollars of reserve funds for exporters to ease their burden of logistics costs.
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