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The foreign trade portion of Korea's gross national income hit the highest level ever -- over 90 percent in 2007.
The Bank of Korea says last year's exports imports comprised 94.2 percent of the entire GNI.
Korea's foreign trade made up 71 percent of the GNI in 2002, and the percentage has been rising consistently.
This signals Korea's ultimate dependency on foreign trade and a shrinking home market.
Central bank officials attribute the decline in domestic spending and facility investment to the rising costs of oil and raw materials.
Arirang News
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