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Current Account Surplus Posts First Growth in 9 Months

Written: 2020-01-07 08:55:36Updated: 2020-01-07 09:10:51

Current Account Surplus Posts First Growth in 9 Months

Photo : YONHAP News

South Korea's current account surplus posted growth from a year earlier for the first time in nine months in November.

According to preliminary data from the Bank of Korea on Tuesday, the country's current account surplus came to five-point-97 billion dollars in the month, up 840 million from the same month last year.

The surplus figure marks the first on-year growth since February last year.
It is a drop, however, from the seven-point-83 billion dollar surplus posted the month before. 

In November, exports plunged ten-point-three percent on-year to 46-point-five billion dollars, while imports slipped eleven-point-seven percent to 39-point-11 billion dollars. 

South Korea's exports have dropped for 12 consecutive months since December 2018.

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