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South Korea Feb current account surplus rises to 13-mth high

[SEOUL] South Korea's current account surplus in February rose to its highest in 13 months in seasonally adjusted terms, central bank data showed on Friday.

The seasonally adjusted current account surplus in February gained to a preliminary US$11.33 billion from a revised US$10.98 billion in the previous month, Bank of Korea data showed. The surplus was the highest since January last year.

Exports in February rose a seasonally adjusted 2.8 per cent from January to US$40.69 billion while imports gained 4.3 per cent to US$29.99 billion over the same period. The two produced a goods account surplus of US$10.70 billion, contributing to the headline surplus.

REUTERS

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