A Hamburg Sud ship carrying containers arrives as the Hyundai Merchant Marine container terminal is seen in the background at the Busan New Port in Busan, about 420 km (261 miles) southeast of Seoul, August 8, 2013. REUTERS/Lee Jae-Won/Files SEOUL (Reuters) - South Korea’s customs agency said on Monday exports this year are likely to exceed $600 billion and reach a record, up from last year’s $573.7 billion. Total exports exceeded $500 billion as of Monday, according to the Korea Customs Service. From January to September, exports stood at $450.3 billion, up 4.7 percent from a year earlier, it added. Reporting by Hayoung Choi; Editing by Nick Macfie
South Korea's customs agency has announced that it is on pace to post record export levels this year, with the country expected to break the $600bn mark for the first time. The figures were released as part of a report by the Korea Customs Service (KCS) showing exports rose 12.7 percent in July from a year earlier, compared with an increase of 11.1 percent last year.