News Snapshot:
South Korea exports fell 5.7% from a year earlier to $52.48 billion in October. Imports increased by 9.9% to $59.18 billion, creating a trade imbalance of $6.70 billion. The deficit will exert additional pressure on the country’s won, which is near a 13-year low. In October, South Korea exports decreased by the most in 26 months, and its trade imbalance continued for the seventh consecutive month, indicating that Asia’s fourth-largest economy is faltering and that its currency is lingering near 13-year lows. In October, exports decreased 5.7% from a year earlier to $52.48 billion, according to preliminary government statistics released...
