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Last month, export orders plunged by 16% year-on-year to US$43.81 billion, falling below the ministry's forecast of an 8% decline. The persistent challenges of a wavering global economy impacting consumer spending, coupled with ongoing supply chain corrections, contributed to the disappointing performance.
Alibaba's AliExpress and PDD-owned Temu are gaining popularity in South Korea, boasting millions of monthly users.
The automaker, known for its meticulous supply chain management, acknowledged the significance of its suppliers in the quake-affected regions but assured a smooth restart by utilizing parts already in stock outside those areas.
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