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South Korea returns to trade surplus in June


South Korea returned to a trade surplus in June after 15 consecutive months of deficits, as a decline in exports moderated significantly.

Exports fell 6.0% from a year earlier, to $54.24 billion, following a 15.2% drop in May, according to preliminary data released by the country’s trade ministry on Saturday. The median market forecast was for a 4.0% contraction in June.

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