Shaky exports and weak domestic demand


Uneven exports: A Hyundai electric vehicle (EV) on display in Seoul. South Korea’s foreign sales of EVs shrank 20% in March. — Bloomberg

SOUTH Korea posted a sixth consecutive month of growth in exports during March over a year earlier, official data showed last week, led by a surge in sales abroad of big-ticket items such as semiconductors and ships.

This fuelled the projection that the country’s economic growth would pick up this year after suffering a below-trend reading last year.

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