SOUTH KOREA
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Export Growth Expected to Slow: The rate of growth is expected to slow to 17.2% next year from an estimated 31.2% in 1995, mainly because of the weakening value of the Japanese yen, the Korea Foreign Trade Assn. said. South Korea’s exports are expected to rise to $147.7 billion next year, the group said in a report. The Japanese yen’s decline in value since the first half of this year means Japanese exports are cheaper and South Korean-made goods appear less competitive on world markets, the group said.
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