S. Korea keeps cur­rent ac­count sur­plus

China Daily (Canada) - - BUSINESS -

South Korea kept the long­est cur­rent ac­count sur­plus for 47 months in a row de­spite fall­ing ex­ports, bol­ster­ing wor­ries about the so-called “re­ces­sion-type” sur­plus, cen­tral bank data showed on Wed­nes­day. Cur­rent ac­count sur­plus was $7.06 bil­lion in Jan­uary, main­tain­ing the sur­plus for 47 months sinceMarch 2012, ac­cord­ing to the Bank of Korea. It was the long­est monthly sur­plus in the coun­try’s his­tory.

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