S. Korea logs current account surplus for 80th month in a row
- 5 years ago
South Korea's current account recorded a surplus for the 80th month in a row in October... on the back of strong goods exports.
According to the Bank of Korea on Thursday, the current account, which shows Korea's transactions with the rest of the world, including its trade in goods and services, saw a surplus of almost nine-point-two billion U.S. dollars in October.
The goods account had a surplus of eleven billion dollars... up from eight-point-six billion dollars in October last year.
The central bank attributed the increase to strong exports in petroleum products and the five extra business days in October this year.
According to the Bank of Korea on Thursday, the current account, which shows Korea's transactions with the rest of the world, including its trade in goods and services, saw a surplus of almost nine-point-two billion U.S. dollars in October.
The goods account had a surplus of eleven billion dollars... up from eight-point-six billion dollars in October last year.
The central bank attributed the increase to strong exports in petroleum products and the five extra business days in October this year.