Retail in Asia

In Markets

S Korea exports rise for 8th month, gaining 32.4pc

South Korea’s exports increased for an eighth month in June as the global economic rebound spurred demand for Hyundai Motor Co. cars and Samsung Electronics Co. semiconductors.

The government last week raised its 2010 economic growth forecast to 5.8 percent, from a December projection of 5 percent, saying a faster-than-expected global recovery is spurring exports and local demand. South Korea may join India, Malaysia and Taiwan in increasing borrowing costs as the economy shows it is weathering Europe’s sovereign-debt crisis.