South Korea will take proactive measures to boost exports to maintain growth momentum despite rising protectionist policies by major trading partners and uncertainties in the global financial market, the government said Friday.
The Ministry of Trade, Industry and Energy expected export growth to slow this month due to sluggish demand for ships, vehicle and auto parts.
"The export outlook is not favorable for April due to protectionist measures in major trading partners, the strengthening local currency and rising volatility in the global financial market," Kim Young-sam, deputy minister for trade and investment, said in a meeting with local trade associations.