South Korea two biggest trading partners, the US and China, saw a 1.3% YoY decline in exports to $57.27 billion.

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U.S. Navy is revamping its maintenance and modernization planning to improve force generation and contingency preparation.

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Korea's exports fell 1.3percent in May, marked by declines to the U.S. and China, despite record semiconductor shipments and a trade surplus of $6.94 billion.

The election was called after President Yoon Suk Yeol was removed from office over his decision to declare martial law.