South Korea's cargo volume at local seaports dropped 1.6 percent to 128.9 million tons n January from 131 million tons posted in the same month last year,
According to the Ministry of Oceans and Fisheries, the export-import cargo handling also dipped one percent on-year to 111.1 million tons last month.
The ministry attributed the drop to the impact of the COVID-19 pandemic on global business activities.
A ministry official noted that they expect the amount of cargo handled at local ports to recover once the virus curve flattens.
On the other hand, container cargo processed at South Korea's seaports jumped 3.8 percent on-year to 2.47 million twenty-foot-equivalent units.
The growth was due to the government's allocation of special shipping schedules to American and Southeast Asian routes last year, inducing a recovery in demand from the Americas since September.


Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims
Robinhood Expands Sports Event Contracts With Player Performance Wagers
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking.
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes
OpenAI Explores Massive Funding Round at $750 Billion Valuation
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push
South Korea Warns Weak Won Could Push Inflation Higher in 2025
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited
LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 



