South Korea’s Export Momentum Picks Up, Boosting Growth Outlook

News Snapshot:

(Bloomberg) -- South Korea’s export growth returned to a double-digit clip last month, an outcome that bodes well for the economic outlook and reflects the resilience of global demand for technology products. Shipments that reflect working-day differences increased 13.7% from a year earlier, according to data released Sunday by the customs office. Without the adjustment, headline exports rose 11.4% while overall imports increased by 6%. The trade surplus came to $3.8 billion. Exports are the leading engine of South Korea’s economic growth, with semiconductors, automobiles and refined oil products among key products that drive the overall performance. Authorities expect the...