April 27, 2017 / 2:03 AM / 3 months ago

S.Korea raises 2017 export outlook, April shipments seen surging

1 Min Read

SEOUL, April 27 (Reuters) - South Korea on Thursday raised its export outlook for 2017, citing a pick-up in shipments of semiconductors, organic light emitting diode (OLED) display panels and cosmetics.

The Ministry of Trade, Industry and Energy now sees exports growing between 6 percent and 7 percent this year, far stronger than an earlier estimate of 2.9 percent.

The ministry said in a statement it expects April exports to surge around 20 percent from a year earlier, which would mark a sixth-straight month of gains. (Reporting by Cynthia Kim; Editing by Jacqueline Wong)

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