S. Korea Posts Current Account Surplus for 59 Months

Seoul, March 03 (QNA) – South Korea’s economy posted current account surplus for 59 months in a row though the surplus amount declined compared with the previous month, central bank data showed on Friday.

Current account surplus was 5.28 billion U.S. dollars in January, down from 7.87 billion dollars tallied in December, according to the Bank of Korea (BOK). It was the lowest in five months.

The current account balance stayed in the black for 59 months through January, maintaining the longest monthly surplus.

Exports, which take up about half of the economy, jumped 18.1 percent from a year earlier to 44.11 billion dollars in January, while imports surged 24.5 percent to 36.29 billion dollars. (QNA)

Source: Qatar News Agency