Korea posts current account surplus | Malay Mail Online

Submitted by amir azree on Tuesday, December 29th, 2009







Tuesday, December 29th, 2009 13:40:00


SEOUL: South Korea recorded a current account surplus for the 10th straight month in November thanks partly to brisk exports, the central bank said today.
The surplus was US$4.28 billion (RM14.69b) last month, down from a revised US$4.76 billion (RM16.34b) in
October, the Bank of Korea said in a statement.
In the first 11 months of this year, the accumulated surplus amounted to a record high of US$41.2 billion
(RM141.4b).
The current account, the broadest measure of trade with the world, has remained in surplus since February as
imports have fallen faster than exports amid the global downturn.
The surplus is likely further to support the won, which has gained about 34 per cent against the dollar since hitting an 11-year low in early March.
The goods balance saw a surplus of US$5.84 billion (RM20.04b) in November compared with a US$5.68
billion (RM19.5b) surplus the previous month.
Exports rose 18 per cent year on- year to US$34.8 billion (RM119.4b) and imports rose 2.4 per cent to US$29 billion (RM99.53b).







Wednesday 15 June 2011





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