UPDATE 1-S.Korea records biggest trade surplus in 42 months

Newswire

(Updates with official comments, details) SEOUL, July 1 (Reuters) - South Korea posted its biggest trade surplus for three-and-a-half years in June, underpinned by robust shipments of automobiles and mobile phone sets, the Commerce Ministry said on Tuesday. The bounce in the surplus was helped by slower growth in imports, which were hit by depressed domestic demand and lower crude oil prices after the end of the U.S.-led war in Iraq. South Korea recorded a provisional trade surplus of ...

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