South Korea Exports Rebound as Chip Shipments Hit Record
- Overseas shipments rise 13.5 percent, the most since January
- Value of semiconductor shipments reaches monthly record
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South Korea’s exports rebounded in May following a surprise contraction in April as shipments of semiconductors hit a record high, a positive sign for global growth.
Exports rose 13.5 percent in May from a year earlier, while imports jumped 12.6 percent, leaving a trade surplus of $6.73 billion. South Korea releases its trade data earlier than most other major economies, making it a bellwether of global demand.