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South Korea’s Annual Exports Exceed $700 Billion for the First Time

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Seoul, Dec 29 (IANS) South Korea’s annual exports surpassed US$700 billion for the first time on Monday, making the country the sixth in the world to reach the milestone, government data showed.Outbound shipments tentatively exceeded the mark at 1:03 p.m., according to the data from the Ministry of Trade, Industry and Resources and the Korea Customs Service, reports Yonhap news agency.South Korea followed the United States, Germany, China, Japan and the Netherlands in surpassing the milestone, t…