Published at 02:23 (GMT) 1 August
The trade ministry flagged concerns about slowing demand from China as exports to China (South Korea's largest exports destination) fell for a third straight month on falls in petrochemicals and shipbuilding. The ministry added that they will announce measures to boost outbound shipments to China. The trade ministry further added that exports growth will be steady in H2 2014 supported by recovery in advanced economies. July exports were led by wireless communication devices, cars and steel while, imports were driven by commodities and car components. On FX, USD/KRW rebounded from 1030.3 and is back above 1032.0 lvls at last check. BB
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