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View Full Version : DR-Korean trade grows



NewsWhore
06-18-2008, 05:50 PM
The Dominican Republic and the Republic of South Korea are continuing to increase their commercial ties. According to Listin Diario, the trade balance for 2007 favored the Dominican Republic by US$6 million on US$126 million in trade. According to Kwon Sun-hung, the representative of the Korean Agency for the Promotion of Investment and Commerce (KOTRA), South Korea exported US$120 million to the DR. According to Kwon, South Korea purchased US$115 million in steel from the DR last year including US$35,000 in aluminum. In the first quarter of 2008, South Korea purchased US$30 million from the Dominican Republic, of which US$22 million was spent on scrap steel.

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