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 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. Exports grew by 4.7% to $450.3bn between January and September, with the Korea Customs Service now stating it is confident the country will comfortably exceed the $573.7bn exported last year as exports exceed $500bn as of 29 October.