Korea's Trade Deficit with Japan Tops US$10 Billion

"South Korea is witnessing a widening trade deficit with Japan.

In a way, it is an inevitable situation because of Korea's heavy reliance on Japanese chip manufacturing equipment and petrochemicals, which are needed to produce major export items.

These circumstances are leading to concerns over a severe trade imbalance between the two countries.

South Korea's trade deficit with Japan has already topped US$10 billion, since the beginning of this year.

Imports from Japan amounted to US$21.4 billion in the January to June period.

Analysts say Korea's demand for goods made in Japan is unlikely to cool anytime soon, with the bulk of the imported products used as components or to produce top Korean export items." Full news @ The Chosun Ilbo

Mwahahaha, everything that S.Korea exports is Made in Japan...pWnEd...