South Korea exports post double-digit growth

SEOUL: South Korea’s exports posted double digit-growth for a sixth month in a row in June, overriding tepid manufacturing activity as normalising global demand continued to boost sales of memory chips and petrochemical products.

Shipments surged 13.7% to US$51.41bil from a year earlier, while imports jumped a faster 18% to US$40.01bil, resulting in a trade surplus of US$11.40bil, government data showed.