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S. Korea’s Current Account Surplus Grows to $8.4 Bln in Feb.

Written: 2017-04-05 13:04:30Updated: 2017-04-05 14:24:36

S. Korea’s Current Account Surplus Grows to $8.4 Bln in Feb.

The Bank of Korea says that South Korea posted a current account surplus of eight-point-four billion U.S. dollars in February, the largest in three months since last November.

It is up some 59 percent, or three-point-12 billion U.S. dollars, from a month earlier.
 
As a result, the nation has again extended the already record long current account surplus to 60 straight months since March 2012.
 
It is thanks to a surge in the goods account surplus, which was boosted by improving exports.
 
The goods account surplus was tallied at ten-point-five billion U.S. dollars in February, up two-point-seven billion dollars from January and two-point-six billion dollars year-on-year.
 
Exports grew 23 percent from the same period last year to 44-point-six billion dollars, while imports increased 20-point-two percent to about 34 billion dollars.
 
In particular, exports posted the highest year-on-year growth in 62 months since December 2011 when it stood at 24-point-seven percent. 

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