According to the government, the domestic economy is growing on the back of exports and investment spurred by the global economic recovery, however, domestic demand has yet to sufficiently recover.
 
In the latest monthly Green Book economic outlook report released Tuesday, the Finance Ministry said that although recovery signals continue as exports are rising and consumer sentiment is improving, risk factors remain both at home and abroad.
 
The ministry said that domestically, the employment situation has not improved enough and also cited the issue of household debt.
 
As for overseas factors, the report mentions the North Korea risk and trade concerns relating to the free trade agreement with the U.S.
 
On the otherhand, outbound shipments in June grew 13-point-seven percent year-on-year to 51-point-four billion dollars.
 
Exports have risen for eight months straight led by staple items of semiconductors, ships and petrochemicals. Double digit growth in exports has continued for the sixth month.