South Korea’s exports rose for a fourth month on rebounding shipments to China and surging chip sales, adding to signs of a recovery in Asia’s fourth-largest economy.
Exports jumped 18 per cent year on year to $54.7bn in January, the biggest percentage increase since May 2022, according to data from the customs office. The nation’s factory activity showed an expansion for the first time in more than 18 months.
Chip exports surged 56.2 per cent, the biggest rise in six years. Shipments to China jumped 16.1 per cent, ending a 19-month decline, while exports to the US and Europe increased 26.9 per cent and 5.2 per cent respectively.
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