Moody’s predicts Korea’s exports will continue to rise

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Moody’s predicts Korea’s exports will continue to rise

Published: 30 Jul. 2017, 19:00

Korea’s exports are expected to continue to log double-digit growth for a while on the back of steady overseas demand for semiconductors, market research firm Moody’s said Sunday.

“We expect annual export growth to keep rising at a double-digit pace thanks to the sustained uptick in the tech cycle lifting shipments of semiconductors and machinery,” Moody’s said in its weekly report. “Korea’s monthly trade surplus likely narrowed to $9.8 billion in July, from $11.4 billion in June.”

Yonhap