SEOUL, Aug. 5 (UPI) -- South Korea, spurred by double-digit export growth
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The commerce and industry ministry's optimism stems from exports of $208.8 billion so far this year ending in July, up 15.3 percent from the same period of last year. July represented the 18th straight month of such double-digit growth
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The government said the whole year target of $367 billion will be met despite higher oil prices and unfavorable exchange rates that have driven up the value of the Korean won
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The Korean won closed at 922 Friday against the U.S. dollar, compared to 929.6 in December 2006
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Yonhap said demand for South Korean products is has surged in Brazil
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