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S. Korea Extends Current Account Surplus to 57 Months

Written: 2017-01-04 10:12:32Updated: 2017-01-05 10:20:13

South Korea's current account surplus posted modest growth in November from the previous month.
 
According to the Bank of Korea(BOK) on Wednesday, the country’s current account surplus was tallied at eight-point-99 billion dollars in November.

It extends the record long current account surplus to 57 straight months since March 2012.

Exports stood at 46-point-46 billion dollars in November, up seven-point-seven percent from a year earlier. It marks the first time that exports logged an on-year growth since June 2014.

By item, exports of machinery and precision equipment jumped by 21 percent in a year to five-point-one billion dollars. 

Exports of chemical processed goods and steel grew by about 18 percent and 12 percent, respectively, while that of semiconductors gained eleven-point-five percent.

Imports increased ten-point-six percent to 35-point-nine billion dollars during the same period.

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