South Korean export growth is expected to have rebounded in May, but the trade balance likely remained in red, while consumer inflation is seen rising above 5% for the first time in nearly 13 years, a Reuters poll showed on Monday.
Outbound shipments were seen 19.3% higher in May than a year earlier, according to a median forecast of 19 economists, accelerating from a revised 12.9% annual growth seen in April and ending two months of slowdown.
In the first 20 days of this month, the country exported 6.8% more to China than in the same period a year earlier. Full-month exports to China in April were down 3.4%.
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