South Korean May Exports fall 28.3%

Both Exports and Imports fell more than expected in May from a year earlier, slightly denting optisism for an early recovery in South Korea.

Exports fell 28.3% against a forecast of -23.2%. Imports -40.4%(forecast -36.3%).

May Trade balance +$5.15 Bio dollars versus a revised +$5.79 bio in April.