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S. Korea expects exports to extend winning streak in July

2017/07/17 16:03

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SEOUL, July 17 (Yonhap) -- South Korea's exports are expected to extend their winning streak for a ninth consecutive month in July, helped by strong shipments of semiconductors, ships and petrochemical products, officials said Monday.

The outlook came after a monthly meeting between government officials and business representatives on exports, led by Lee In-ho, vice minister at the Ministry of Trade, Industry and Energy.

During the gathering, representatives from business organizations expected exports to continue to rise this month as the global economy shows robust signs of a recovery.

However, the vice minister cautioned it will be difficult to be too optimistic about the outlook for exports moving forward, citing the recent slowdown in gains of oil prices and global protectionist trends by certain countries.

The nation's exports came to US$51.4 billion in June, up from $45.2 billion tallied a year earlier, according to ministry data.