SEOUL, July 2 (AFP): South Korea's exports grew 15.9 per cent in June year-on-year to hit an all-time record of 32.3 billion dollars, raising hopes that economic recovery will pick up pace in the second half of this year.
"Exports maintain annual double-digit growth and investment growth has accelerated to a double-digit figure," Finance and Economy Minister Kwon O-Kyu said.
"Construction investment and consumption are also improving gradually. Judging from these factors, the economy will perform better in the second half than in the first half," he said.
The government has said the economy would expand 4.5 per cent year-on-year this year, down from a five per cent growth last year.
Imports in June grew 9.3 per cent from a year earlier to reach 28.45 billion dollars, leaving the largest ever monthly trade surplus of 3.85 billion dollars.
Strong exports lead S Korea's economic recovery
FE Team | Published: July 03, 2007 00:00:00 | Updated: February 01, 2018 00:00:00
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