South Korea exports likely rose for fifth month in Feb: Reuters poll

SEOUL : South Korea’s exports likely rose in February for a fifth straight month, led by chip shipments, a Reuters poll showed on Wednesday, in which analysts said much slower growth this month would be largely due to unfavourable calendar effects. Exports out of Asia’s fourth-largest economy are expected to have risen 1.9 per cent in February from a year earlier, according to the median estimate of 22 economists in the survey conducted Feb. 22-27. That follows an 18.0 per cent jump in January, which was the fastest since May 2022. Data out of South Korea is often distorted in January and February, due to timing differences in Lunar New Year holidays. There were less working days in February this…