SEOUL :South Korea's export downturn slowed in June, with auto exports extending robust rises and semiconductors narrowing their decline, as the bellwether Asian economy posted its first trade surplus since early last year. Shipments from Asia's fourth-largest economy, offering one of the earliest snapshots o
SEOUL :South Korea's export downturn slowed in June, with auto exports extending robust rises and semiconductors narrowing their decline, as the bellwether Asian economy posted its first trade surplus since early last year.
The ministry said the improvement in the trade balance may pause in July and August due to seasonal factors but was expected to get back on track and exports swing back to growth. Exports of semiconductors fell 28.0 per cent, the smallest decline in eight months. Automobile exports rose 58.3 per cent, extending gains to a 12th month, while ship exports jumped 98.6 per cent.
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