S. Korea's monthly exports hit 2nd highest ever on strong chip shipments

South Korea's monthly exports soared to the second highest ever by moving up nearly 63 percent in July from a year earlier, data showed Saturday, amid solid global demand for memory chips. Outbound shipments came to $98.89 billion in July, according to the Ministry of Trade, Industry and Resources. It was slightly below the all-time high record of $102.2 billion posted in June. Imports rose 26.5 percent on-year to $68.56 billion, resulting in a trade surplus of $30.32 billion. By sector, exports