South Korea’s current account posts surplus

July 27th, 2012 - 1:59 pm ICT by IANS  

Seoul, July 27 (IANS) South Korea’s current account balance posted a surplus of $5.84 billion last month, keeping its surplus for five months in a row, the central bank said Friday.

Current account surplus reached $5.84 billion in June, up from a revised surplus of $3.57 billion tallied in May, according to the Bank of Korea (BOK).

The current account is the broadest measure of international trade, including goods, services and investment income, reported Xinhua.

The South Korean economy logged its first current account deficit in 23 months in January, but the balance shifted to surplus in February, maintaining its surplus trend for five straight months to June.

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