March 9, 2018 / 1:06 AM / 3 months ago

South Korea says exports recovery to continue, uncertain trade environment a risk

SEOUL (Reuters) - South Korea’s exports will continue to recover along with factory production and investment activity, even as uncertainties related to trade and monetary policy remain, the finance ministry said on Friday.

A crane carries a container (top R) from a ship at the PNC container terminal at the Busan New Port in Busan, about 420 km (261 miles) southeast of Seoul, August 8, 2013. REUTERS/Lee Jae-Won

Exports to Europe and China are robust as demand for semiconductors and electronic components lifts overall shipments from South Korea, the ministry said in its monthly assessment of the economy.

The ministry added the economy faces uncertainties such as possible Federal Reserve interest rate hikes and changes in the trade environment.

South Korea’s trade ministry will hold a meeting on Friday to discuss U.S. President Donald Trump’s decision to impose import tariffs of 25 percent on steel and 10 percent for aluminium.

Reporting by Cynthia Kim; Editing by Sam Holmes

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