S Korea July exports surge marks longest expansion since 2011

Seoul

SOUTH Korea's exports grew strongly in July to post the longest stretch of expansion in 51/2 years, led by shipments of memory chips and electronic storage devices.

July exports data from South Korea, one of the first major exporting nations to publish monthly trade figures, underscored strengthening global demand and a nascent pick-up in Asia's fourth largest economy.

Exports jumped 19.5 per cent in July year-on-year and imports were up 14.5 per cent, preliminary data from the tr…