Korea Business Group
  • Home
  • Blog
  • About Us
  • Contact
FACILITATING DPRK MARKET ENTRY SINCE 1999

Inter-Korean trade hits record high in 2015 despite shaky ties

1/21/2016

Comments

 
Picture
Yonhap -- Trade volume between South and North Korea reached an all-time high in 2015 despite strained inter-Korean ties over the North's pursuit of nuclear weapons, a trade association here said Thursday.

Trade between the two Koreas came to US$2.71 billion last year, up 15.8 percent from a year earlier, according to the data provided by the Korea International Trade Association. The figure was the largest ever on record.

South Korea's shipments to the North grew 11 percent on-year to $1.26 billion, while its imports from the communist country expanded 20.3 percent to $1.45 billion, the data showed.

Inter-Korean trade surpassed the $1 billion mark in 2005, when the industrial park built in the border city of Kaesong went into operation in full swing. The amount neared $2 billion in 2012.

The trade, however, has been swayed by the ups and downs in relations between the two countries, which technically remain at war after the 1950-53 war ended in a truce.
​
Recently, the North claimed that it has successfully conducted a hydrogen bomb test, rocking relations with the South.

Comments
    Picture

    Archives

    March 2018
    August 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    October 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014

Korea
Business
​Group
©

​
​
​Office L, 17th Floor
MG Tower
133 Hoi Bun Road
​Kwun Tong, Kowloon
Hong Kong SAR
Contact
About Us
​Blog

Picture
© COPYRIGHT 2018. ALL RIGHTS RESERVED.
  • Home
  • Blog
  • About Us
  • Contact