{"id":23713,"date":"2024-06-07T08:27:13","date_gmt":"2024-06-07T00:27:13","guid":{"rendered":"https:\/\/newsbites.hktdc.com\/?p=23713"},"modified":"2025-02-07T11:35:10","modified_gmt":"2025-02-07T03:35:10","slug":"korea-megatrends","status":"publish","type":"post","link":"https:\/\/newsbites.hktdc.com\/trend\/korea-megatrends\/","title":{"rendered":"Korea Trends 2024H2: Trading in a Dynamic Market"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"23713\" class=\"elementor elementor-23713\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6ffa2a6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6ffa2a6\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7e5fa3e\" data-id=\"7e5fa3e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-661318b elementor-widget elementor-widget-text-editor\" data-id=\"661318b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>South Korea has achieved an economic transformation unlike any other country in the world.\u00a0While the country has faced various economic challenges last year due to the global economic downturn led by monetary tightening policies adopted by multiple major economies to control inflation rates and geopolitical issues from the Russo-Ukraine war and the Middle East conflict, based on the latest forecast, the country is expected to head into a strong recovery, directed by rising exports.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3f7d14d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3f7d14d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bfb67e2\" data-id=\"bfb67e2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-32ba465 elementor-widget elementor-widget-heading\" data-id=\"32ba465\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Trends Shaping South Korea's Economy in 2024H2<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7deff94 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7deff94\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d029749\" data-id=\"d029749\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c2c1ac8 elementor-widget elementor-widget-text-editor\" data-id=\"c2c1ac8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>With new international partnerships and expanded trade deals, South Korea\u2019s exports and overall economic outlook are expected to improve considerably for the coming years.<\/p><h3>EVs and Automobiles to Thrive<\/h3><p>The nation&#8217;s automobile exports have reached a record high of US$70.9 billion in 2023 according to recent reports. This record is led by the growth of eco-friendly vehicles \u2013 with sales of EV vehicles surging a whopping 65.7% \u2013 benefitting from exports to the North American and European markets. This growth is furthered by major cities in South Korea, such as Seoul, expecting to replace over 10% of existing vehicles with EV vehicles.<\/p><p><strong>With the thriving development of electric vehicles, EV-related products such as <a href=\"https:\/\/sourcing.hktdc.com\/en\/Product-Search\/ev%20battery\/1?ref_source=newsbites\" target=\"_blank\" rel=\"noopener\">EV batteries<\/a> and EV charging stations are also forecasted to expand drastically.<\/strong> For instance, the South Korean Electric Vehicle Battery market is estimated to grow at a CAGR of 16% from 2024-2029.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3101d1c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3101d1c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-162c9a8\" data-id=\"162c9a8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a160a9a elementor-widget elementor-widget-image\" data-id=\"a160a9a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"575\" src=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/06\/korea2-1024x575.jpg\" class=\"attachment-large size-large wp-image-23716\" alt=\"\" srcset=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/06\/korea2-1024x575.jpg 1024w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/06\/korea2-600x337.jpg 600w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/06\/korea2-768x431.jpg 768w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/06\/korea2.jpg 1029w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">South Korea\u2019s automobile exports have reached record-high levels in 2023, which also creates growth for automobile-related goods.<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d8101c0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d8101c0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c9594b0\" data-id=\"c9594b0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-17b1d85 elementor-widget elementor-widget-text-editor\" data-id=\"17b1d85\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>Computer Chips and Semiconductors Demand Surges<\/h3><p>South Korea is one of the world&#8217;s largest <a href=\"https:\/\/sourcing.hktdc.com\/en\/Product-Search\/computer%20chip\/1?ref_source=newsbites\" target=\"_blank\" rel=\"noopener\">computer chips<\/a> and <a href=\"https:\/\/sourcing.hktdc.com\/en\/Product-Search\/semiconductor\/1?ref_source=newsbites\" target=\"_blank\" rel=\"noopener\">semiconductor<\/a> manufacturers. However, with the post-pandemic supply chain crisis and weakened global demand, the sales of these parts have consistently fallen from mid-2022 to late 2023 and have derailed the country&#8217;s strong GDP growth.<\/p><p>However, things are finally looking up again, as the Korean government has recently reported the first month of increasing chip sales after a year of declining performance. According to Bloomberg, South Korea\u2019s semiconductor outputs have rocketed the most in 14 years, led by <strong>increasing global demand for AI-related memory functions and exports of computers.<\/strong> The recovery of global demand for this key Korean industry will play a decisive role in reversing pessimism for the country&#8217;s economy and driving 2024 economic outlooks.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b680c14 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b680c14\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ac13299\" data-id=\"ac13299\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cf041cc elementor-widget elementor-widget-image\" data-id=\"cf041cc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/06\/shutterstock_2367396011-1024x683.jpg\" class=\"attachment-large size-large wp-image-23717\" alt=\"\" srcset=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/06\/shutterstock_2367396011-1024x683.jpg 1024w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/06\/shutterstock_2367396011-600x400.jpg 600w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/06\/shutterstock_2367396011-768x512.jpg 768w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/06\/shutterstock_2367396011-1536x1024.jpg 1536w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/06\/shutterstock_2367396011-2048x1365.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">The country is highly experienced in computer chips manufacturing which continues to grow.<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a6d5be2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a6d5be2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4bd8592\" data-id=\"4bd8592\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-08b96b2 elementor-widget elementor-widget-text-editor\" data-id=\"08b96b2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>Personalised Skincare &amp; Cosmetics on the Rise<\/h3><p><a href=\"https:\/\/sourcing.hktdc.com\/en\/Product-Search\/korean%20beauty\/1?ref_source=newsbites\" target=\"_blank\" rel=\"noopener\">Korean skincare and beauty products<\/a> have posted a largely consistent ascent in the global marketplace. While post-pandemic sales have faltered amidst global supply chain issues, other sub-sectors of Korean personal care products have maintained their strength throughout last year.\u00a0<\/p><p>South Korean cosmetic experts believe that in recent years, Asian beauty consumers will pursue more personalised skincare tailored to their skin. <strong>Apart from personalised products, industry leaders are seeing a shift towards an interest in home beauty devices as a replacement for in-person beauty services.<\/strong><\/p><p><span style=\"font-size: 1.125rem;\">In 2024 second half, the net outlook remains positive as new export partners from Southeast Asia, Oceania, and American markets are expected to play a larger role in cosmetic and skincare exports.<\/span><\/p><p>Learn More:<\/p><p class=\"elementor-post__title\"><a href=\"https:\/\/sourcing.hktdc.com\/newsbites\/medical-healthcare\/beauty-care-trends\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Beauty &amp; Personal Care Trends 2024 \u2013 Brush Up Your Business<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-147488b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"147488b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-061a2bb\" data-id=\"061a2bb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-59515e5 elementor-widget elementor-widget-image\" data-id=\"59515e5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/06\/shutterstock_2173643555-1024x683.jpg\" class=\"attachment-large size-large wp-image-23718\" alt=\"\" srcset=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/06\/shutterstock_2173643555-1024x683.jpg 1024w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/06\/shutterstock_2173643555-600x400.jpg 600w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/06\/shutterstock_2173643555-768x512.jpg 768w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/06\/shutterstock_2173643555-1536x1024.jpg 1536w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/06\/shutterstock_2173643555-2048x1365.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">The beauty product market sustains towards year-end.<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-25ac44c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"25ac44c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6edb00f\" data-id=\"6edb00f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2beb6fd elementor-widget elementor-widget-heading\" data-id=\"2beb6fd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Capture Business Opportunities in South Korea!<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4a827e3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4a827e3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7ec2161\" data-id=\"7ec2161\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5413b22 elementor-widget elementor-widget-text-editor\" data-id=\"5413b22\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Growing exports to the United States, Europe, and other East Asian countries are expected to make up the economic downturn difference and continue to drive Korea&#8217;s economic recovery.<\/p><p>Buyers and suppliers looking to expand their businesses in South Korea must take the initiative and find verified partners on trusted platforms such as HKTDC Sourcing to bring your business to the next level.\u00a0<\/p><p>Explore our shelves today:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-be34bb8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"be34bb8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dd6a8a9\" data-id=\"dd6a8a9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-34b051e elementor-widget elementor-widget-image\" data-id=\"34b051e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/sourcing.hktdc.com\/en\/Product-Search\/korean\/1?ref_source=newsbites\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"880\" height=\"200\" src=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/01\/hktdc-Sourcing-880x200-1.jpg\" class=\"attachment-large size-large wp-image-21941\" alt=\"\" srcset=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/01\/hktdc-Sourcing-880x200-1.jpg 880w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/01\/hktdc-Sourcing-880x200-1-600x136.jpg 600w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/01\/hktdc-Sourcing-880x200-1-768x175.jpg 768w\" sizes=\"(max-width: 880px) 100vw, 880px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-baa0928 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"baa0928\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5ac43d2\" data-id=\"5ac43d2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-803e471 elementor-widget elementor-widget-text-editor\" data-id=\"803e471\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>You can also reach out for promoting your own products:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ebb5fbe elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ebb5fbe\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dd5fbb5\" data-id=\"dd5fbb5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f529e31 elementor-widget elementor-widget-image\" data-id=\"f529e31\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/sourcing.hktdc.com\/newsbites\/promote-your-business\/\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"880\" height=\"200\" src=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/01\/new.png\" class=\"attachment-large size-large wp-image-21878\" alt=\"\" srcset=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/01\/new.png 880w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/01\/new-600x136.png 600w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2024\/01\/new-768x175.png 768w\" sizes=\"(max-width: 880px) 100vw, 880px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-37d17cf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"37d17cf\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-02605a8\" data-id=\"02605a8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fe02f74 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"fe02f74\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a6cd721 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a6cd721\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-124e837\" data-id=\"124e837\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ed3cebd elementor-widget elementor-widget-accordion\" data-id=\"ed3cebd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2481\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-2481\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">References<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2481\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-2481\"><p>[1] <a href=\"https:\/\/research.hktdc.com\/en\/data-and-profiles\/infographics\/south-korea\" target=\"_blank\" rel=\"noopener\">https:\/\/research.hktdc.com\/en\/data-and-profiles\/infographics\/south-korea<\/a><\/p><p>[2] <a href=\"https:\/\/www.koreatimes.co.kr\/www\/biz\/2023\/12\/602_365764.html\" target=\"_blank\" rel=\"noopener\">https:\/\/www.koreatimes.co.kr\/www\/biz\/2023\/12\/602_365764.html<\/a><\/p><p>[3] <a href=\"https:\/\/www.businesskorea.co.kr\/news\/articleView.html?idxno=209674\" target=\"_blank\" rel=\"noopener\">https:\/\/www.businesskorea.co.kr\/news\/articleView.html?idxno=209674<\/a><\/p><p>[4] <a href=\"https:\/\/www.koreaherald.com\/view.php?ud=20231224000079\" target=\"_blank\" rel=\"noopener\">https:\/\/www.koreaherald.com\/view.php?ud=20231224000079<\/a><\/p><p>[5] <a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2024-01-09\/evs-and-auto-trade-will-bring-us-and-south-korea-closer-together\" target=\"_blank\" rel=\"noopener\">https:\/\/www.bloomberg.com\/opinion\/articles\/2024-01-09\/evs-and-auto-trade-will-bring-us-and-south-korea-closer-together<\/a><\/p><p>[6] <a href=\"https:\/\/www.mordorintelligence.com\/industry-reports\/south-korea-electric-vehicle-battery-market\" target=\"_blank\" rel=\"noopener\">https:\/\/www.mordorintelligence.com\/industry-reports\/south-korea-electric-vehicle-battery-market<\/a><\/p><p>[7] <a href=\"https:\/\/www.kedglobal.com\/economy\/newsView\/ked202312010012\" target=\"_blank\" rel=\"noopener\">https:\/\/www.kedglobal.com\/economy\/newsView\/ked202312010012<\/a><\/p><p>[8] <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-01\/south-korean-exports-pick-up-momentum-in-boost-to-growth-outlook\" target=\"_blank\" rel=\"noopener\">https:\/\/www.bloomberg.com\/news\/articles\/2023-12-01\/south-korean-exports-pick-up-momentum-in-boost-to-growth-outlook<\/a><\/p><p>[9] <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-29\/south-korea-s-semiconductor-output-rises-by-most-in-14-years\" target=\"_blank\" rel=\"noopener\">https:\/\/www.bloomberg.com\/news\/articles\/2024-03-29\/south-korea-s-semiconductor-output-rises-by-most-in-14-years<\/a><\/p><p>[10] <a href=\"https:\/\/www.reuters.com\/markets\/asia\/south-korea-march-exports-up-sixth-month-chip-sales-miss-estimates-2024-04-01\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.reuters.com\/markets\/asia\/south-korea-march-exports-up-sixth-month-chip-sales-miss-estimates-2024-04-01\/<\/a><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>South Korea has achieved an economic transformation unlike any other country in the world.\u00a0While the country has faced various economic challenges last year due to &hellip; <\/p>\n","protected":false},"author":28,"featured_media":23728,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[382,413,378,3,376,2],"tags":[],"class_list":["post-23713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automobile","category-electronics","category-electronics-lighting","category-markets","category-medical-healthcare","category-trend"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Korea Trends 2024H2: Trading in a Dynamic Market - HKTDC Newsbites<\/title>\n<meta name=\"description\" content=\"South Korea has achieved an economic transformation unlike any other country in the world.\u00a0While the country has faced various economic challenges last\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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