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South Korea current account surplus narrows in February

[SEOUL] South Korea's current account surplus narrowed for the third month in a row in February, but remained at a handsome US$6.44 billion, bolstered by low oil prices and weak domestic demand, central bank data showed on Thursday.

The current account - the broadest measure of foreign trade in goods and services - has now been in the black for three years.

The February surplus was slightly down from a revised US$6.58 billion a month earlier, according to the preliminary data by the Bank of Korea.

The service account, which includes outlays by South Koreans on overseas trips, narrowed its deficit to US$2.06 billion from US$2.38 billion in January.