South Korea's September exports expected substantial growth due to strong chip d

Reuters survey on Wednesday showed that South Korea's September export data is expected to once again strong performance, due to the international market demand for memory chips rising.

Ten analysts surveyed by Reuters expected South Korea's exports to grow in September for the tenth consecutive month, up 21.6 percent from a year earlier and more than the 17.3 percent increase in August.

Analysts expect South Korea's imports in September to increase by 18.2% year on year, up from 15.3% in August.

Analysts expect global demand for memory chips and chemical products in South Korea to continue to rise until early 2018, while declining construction activity and diplomatic disputes with China will weaken kinetic energy.

"DRAM prices are on the export growth trend of the technology industry to provide support," Hana Financial Investment analyst Kim Doo-un said.

"But the impact of the deployment of Sade, coupled with the renegotiation of trade agreements with the United States may lead to a slowdown in exports, October exports are bound to be down," the analyst said.

Wednesday's survey also showed that analysts forecast South Korea's August industrial production rose 0.4%. July for the growth of 1.9%.

Survey shows that in September the consumer price index rose 2.2% over the same period last year. August jumped 2.6%.

Industrial production and inflation data will be released on 2300 GMT on Thursday, trade balance data will be released on Sunday.