Real Reality
Joined: 10 Jan 2003
Location: Seoul
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 Posted: Thu Apr 22, 2004 9:15 pm Post subject: Strong Australian Dollar |
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Strong Australian Dollar Benefits, Hurts Korea
Korea could suffer from rising prices of main raw materials like coal and iron ore, which are imported from Australia.
According to statistics from the Australian Ministry of Education, more than 20,000 Korean students are studying there, the second largest number following China. Parents whose children are studying in Australia have to shoulder a heavier burden. Australia is one of the main trading partners. It is 12th largest importer and 6th largest exporter of South Korea. Cultural and educational exchanges are brisk between the two countries.
http://english.chosun.com/w21data/html/news/200404/200404220027.html |
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