South Korea exports rise for seventh month on growing chip demand

SEOUL: South Korea’s exports rose for a seventh straight month in April, trade data showed on Wednesday, as strong demand for chips continued to lead growth while automobile sales and U.S. shipments climbed to record highs.

Overseas sales by Asia’s fourth-largest economy rose 13.8% from the same month a year earlier to $56.26 billion, a bit higher than a rise of 13.7% tipped in a Reuters survey of economists.