Inter-Korean trade during the first seven months of this year climbed more than 55-percent from a year ago to over US$580 million. The Korea International Trade Association said the increase is attributed to the burgeoning development of the Kaesong industrial complex, coupled with a boom in tourism to North Korea's Mount Kumgang resort.
While South Korea's exports to the North shot up over 70 percent to more than US$400 million, South-bound shipments rose 24 percent to about US$160 million during January to July of this year.
North Korean goods that reached South Korea consisted mostly of agricultural and fisheries products and goods manufactured in the Kaesong industrial zone. Shipments to the North were predominantly construction vehicles and heavy equipment.