(MENAFN) The export growth in South Korea has played a major role in creating a record of 4.47 million jobs last year.
The country has exported USD573.7 billion worth of products in 2017, which is the highest amount recorded in a one-year period.
According to the Institute for International Trade (IIT), the total has surpassed 4.1 million posts created by exports in 2016.
Despite the gains, the IIT under the Korea International Trade Association (KITA) said the number of jobs created per USD1 million in exports reached 7.79 last year from 8.22 in 2016, as the think tank said: "The reason for the falloff in job creation is mainly due to a poor showing by textiles and consumer electronics that generate more jobs than other areas."
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