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Jul 27, 2012· South Korea’s mining sector has seen steady growth in recent times. The US-South Korea Free Trade Agreement was signed by both governments and is in effect since the beginning of 2012. In the future, reconstruction efforts in Japan are expected to boost demand for South Korea’s copper and steel.
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South Korean market declines by 6.7% in 2016, mainly thanks to government’s slashed spending on infrastructure development . Korean quarrying of stone, sand and clay industry’s turnover records meagre 1.1% increase in 2016, leading to low replacement demand for earth-moving equipment and mining machinery.
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