S. Korea’s June export growth seen slowing

SEOUL: South Korea’s exports are expected to have increased at a slower pace in June but posted doubled-digit growth thanks to a global economic recovery and strong overseas demand for the nation’s key export items.

Outbound shipments are forecast to have jumped a median 33.6% this month from a year earlier, a Reuters survey of 17 economists showed yesterday, amid strong overseas demand for South Korea’s semiconductors, cars and petroleum products.