S. Korea ex­ports sprint ahead

China Daily (Hong Kong) - - BUSINESS -

South Korea’s ex­ports posted dou­ble-digit growth in the first 10 days of the month, thanks to strong de­mand for lo­cally-made ships and semi­con­duc­tors, cus­toms data showed on Tues­day. Ex­ports, which ac­count for about half of the econ­omy, reached $14.3 bil­lion dur­ing the July 1-July 10 pe­riod, up 38.5 per­cent from the same pe­riod last year, ac­cord­ing to the Korea Cus­toms Ser­vice. The coun­try’s ex­ports kept ris­ing for the eight months through June. The con­tin­ued in­crease in over­seas ship­ments was at­trib­uted to de­mand for ships and chips. Ship ex­ports al­most sex­tu­pled in the pe­riod, while those for semi­con­duc­tors surged 50.4 per­cent. Ship­ments in tele­coms de­vices such as smart­phones tum­bled 23.7 per­cent, with those for au­to­mo­biles fall­ing 0.2 per­cent.

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