South Korea’s current account surplus hits new high
August 29th, 2012 - 1:11 pm ICT by IANSSeoul, Aug 29 (IANS) South Korea’s current account surplus hit a new high last month as imports contracted at a faster pace than exports, data by the central bank showed Wednesday.
Current account surplus reached $6.1 billion in July, up from a revised surplus of $5.88 billion tallied in the previous month, according to the Bank of Korea (BOK).
The figure was the largest in the country’s history, and it maintained its surplus trend for six straight months to July, reported Xinhua.
The current account is the broadest measure of international trade, including goods, services and investment income.
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- South Korea's trade balance posts $2 bn surplus - Sep 01, 2012
- South Korea's foreign currency deposits grow - Aug 07, 2012
- South Korea's money supply growth accelerates in October - Dec 07, 2011
- South Korea's GDP grew 0.9 percent in Q1 - Apr 26, 2012
- South Korea's economic growth revised up in Q3 - Dec 06, 2011
- South Korea's central bank leaves interest rates unchanged - Oct 13, 2011
- South Korean money supply growth unchanged in December 2011 - Feb 08, 2012
- South Korea's money supply growth unchanged in November 2011 - Jan 12, 2012
- South Korea's trade balance turns into black - Mar 01, 2012
- South Korea's GDP grows - Jul 26, 2012
- South Korea's central bank leaves key rate unchanged - Jan 13, 2012
- South Korea's central bank cuts 2012 growth outlook - Jul 13, 2012
- South Korea's business sentiment drops - Jul 30, 2012
Tags: 1 billion, account surplus, bok, current account, international trade, investment income, largest in the country, pace, seoul, south korea, xinhua