BMI View: South Korea's trade will enjoy only sedate real growth in 2016, while in nominal terms it will
decline for a second year. However, the outlook from 2017 onwards is more positive, and this will support
growth in the freight transport sector. Over the longer t ..."
BMI View: We continue to expect weak trade dynamics in 2016 as the ongoing slowdown in the Chinese
economy as well as the strength of the Korean won relative to the Japanese yen will continue to weigh on
Korean exports, limiting growth in the freight transport sector. ..."
BMI View: In the short term, we hold a bearish view on South Korea's freight sector as the moderate
recovery in the domestic economy will be insufficient to offset the external slowdown, resulting in weak
trade dynamics over 2016. Road freight will buck the trend, exp ..."
BMI View: We expect to see moderate growth across the different freight modes in Korea in 2016. Road
freight will post the strongest growth across the freight modes, growing by 4.6%, as the uptick in consumer
spending will benefit this mode the most. Rail freight grow ..."
BMI View: Once more, we anticipate the road freight sector to be South Korea's outperforming mode in
2015, with year-on-year (y-o-y) gains expected to come in at 4.00%. Slipping domestic demand has ensured
that this figure is down on 12 months previously, however. Thi ..."
BMI View: We envisage the outperformer in South Korea's freight mix to be road freight in 2015, growing
by a healthy 4.00%. This is down on 2014's estimate, however as domestic demand for goods drops this
year. We expect to see steady, if uninspiring growth in both th ..."
BMI View: The South Korean government plans to boost the country's economy, which over time will
provide benefits to the country's freight industry. In addition to encouraging the growth of creative
industries and start-ups, the government will help manufacturers shif ..."
Global economic headwinds that continue to circle are set to weigh on export growth and, therefore,
adversely affect South Korea's freight industry over the short term. The South Korean freight modes are set
to register steady if uninspiring growth in 2015 as a result.
South Korea's relatively strong Q1 2014 real GDP growth print has prompted us to upgrade our 2014
growth forecast to 3.5% from 3.0% previously. Korean exporters will continue to ride on the economic
recovery in the developed markets for now while a recovery in real es ..."
In welcome news for the South Korean economy and, by extension, the country's freight industry, South
Korea reported the fastest increase in its industrial productivity in more than four years during December
2013, according to data from state-run Statistics Korea. Th ..."