South Korea’s June Exports Hit $102.25 Billion as KDI Flags Inflation Risks From Oil and Weak Won

South Korea’s economy remains on a recovery track after monthly exports reached $102.25 billion in June, the Korea Development Institute (KDI) said. According to NS3.AI, KDI highlighted that semiconductor exports nearly tripled to $44.82 billion. KDI also warned that high oil prices and a weaker won could add to inflation pressures. It said those factors could increase the risk of further interest rate hikes.