S.Korea May exports at full throttle, set fastest pace in 32 years
newscatcher
2021-06-01 01:30
S.Korea May exports at full throttle, set fastest pace in 32 years
By Cynthia KimSEOUL (Reuters) – South Korea exports logged their sharpest expansion in 32 years in May, marking another robust month of shipments fuelled by stronger consumer demand globally as many economies start to reopen.Surging chip and car shipments helped power a 45.6% surge in South Korea's exports from a year earlier, government data showed on Tuesday, posting the fastest growth since August 1988 and extending their expansion to a seventh month in a row.Exports growth, however, slightly missed a consensus of a 48.

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