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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (32699)	10/1/1999 11:14:00 AM
From: Jeffrey D	Read Replies (1) \| Respond to of 70976

S. Koreas imports, including those in the semiconductor area, rose 40% in September. Note the following sentence in the story. Would those of you with an historical view dating back to 1995 please comment on this? Thanks, Jeff "Industrial watchers said the rising trend of imports looks much the same as in 1995, when the bubble began to rise in connection with the semiconductor boom, and that the latest trend is worth careful observation." S KOREA'S IMPORTS IN SEPT RISE 40PCT YEAR-ON-YEAR -------------------------------------------------------------------------------- Story Filed: Friday, October 01, 1999 4:05 AM EST SEOUL, Oct 01, 1999 (Asia Pulse via COMTEX) -- South Korea's imports in September reached US$10.15 billion, up 40 percent from the same month last year, the Commerce, Industry and Energy Ministry said Friday. September was the second month this year that saw imports exceed $10 billion after July, and marked the first time in four years and three months that the year-to-year monthly imports rise exceeded 40 percent. Imports in June 1995 registered a year-to-year monthly rise of 42.8 percent. Exports last month reached $12.01 billion, up 11.8 percent from a year earlier, for a trade surplus of $1.86 billion and bringing the total surplus for the first nine months to $17.25 billion. The sharp surge in imports in September was due to higher international prices of oil and raw materials, increased facility investment arising from the semiconductor boom, rise in unit import prices resulting from a stronger Japanese yen and increased imports of computer components. Industrial watchers said the rising trend of imports looks much the same as in 1995, when the bubble began to rise in connection with the semiconductor boom, and that the latest trend is worth careful observation. (Yonhap) >>