{
  "id": 8826397,
  "title": "S. Korea's trade reliance up in 2024: BOK data",
  "url": "https://urgent.news/2026/09/21/s-koreas-trade-reliance-up-in-2024-bok-data",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T03:00:02.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20260921004700320"
  },
  "original_language": "en",
  "account": "Seoul, South Korea - In 2024, the South Korean economy became increasingly reliant on international trade, according to central bank data released by the Bank of Korea (BOK) on Monday. The country's overall industrial transactions rose by 4.6 percent from the previous year to reach 7,113.6 trillion won (approximately US$5.13 trillion), as reported in the industrial input-output analysis by the BOK.\n\nDomestic output constituted 85 percent of total industrial transactions in 2024, a slight decrease of 0.1 percentage point compared to the previous year. Conversely, imports increased to 15 percent, marking a 0.1 percentage point rise over the same period. External transactions, encompassing both exports and imports, accounted for 31.1 percent of the total, a notable 1.5 percentage point increase from the prior year, primarily driven by a surge in outbound shipments.\n\nThe semiconductor industry underwent a robust recovery in 2024, following a slump in the previous year, which significantly impacted the overall composition of the economy, as per a BOK official.",
  "summary": "SEJONG, Sept. 21 (Yonhap) -- The South Korean economy became more dependent on t...",
  "key_points": [
    "South Korean economy reliant on international trade in 2024",
    "Industrial transactions rose 4.6% to 7,113.6 trillion won",
    "Imports increased to 15% of total industrial transactions"
  ],
  "editors_take": "South Korea's greater reliance on international trade, driven by a surge in outbound shipments, especially in the semiconductor industry, shifts the economy's composition towards more external transactions.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}