Korean Mid-Sized Exporters See Improvement Despite Costs
Nearly six in 10 mid-sized Korean companies expect their export performance in the second half of this year to improve from a year earlier. The analysis suggests that recovering economies in major export destinations and easing political uncertainty will have a positive effect.On Aug. 13, the Federa
Recent survey reveals optimism among Korean mid-sized exporters despite rising costs. Nearly two-thirds anticipate improved export performance in the second half of the year, attributing this to improving economies in major markets and reduced political uncertainty. Conducted by the Federation of Middle Market Enterprises of Korea, the poll surveyed 250 export-oriented firms.
Rubber and plastics industries show highest optimism at 75%, followed by food (71.4%), information and communications (66.7%), and electrical/electronics (61.8%).
Traditional export hubs, like the US, see waning interest, while Southeast Asia and emerging markets like India and Latin America gain attention as new strategic destinations. However, companies face barriers such as funding, licensing, partner identification, and exchange-rate volatility. Rising raw material and labor costs, as well as logistics expenses, further strain businesses. Companies call for active government support, proposing tariff cuts, logistics assistance, and export market entry aid.
Written by urgent.news from BusinessKorea's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
