ROK trade surplus dips
Afp, Seoul
South Korea's trade surplus plunged 61 percent in July from a year earlier, with exports hit by strikes in the auto industry, official data showed Tuesday. The 670 million dollar trade came as exports rose 12.4 percent year-on-year to 26.13 billion dollars but imports jumped 18.4 percent to 25.46 billion dollars, the commerce industry said. "The drop is mainly due to the strike at Hyundai Motor that cost 500 million dollars worth of lost production for the month," said Jung Joon-Suk, the deputy minister for trade and investment policy.
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