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South Korea posts record current account surplus of US$52.4b

Citing sluggish exports and weak domestic spending, the central bank last month cut its 2015 economic growth forecast for the third time this year, from 3.1 per cent growth to 2.8 per cent.


SOUTH Korea on Monday posted a record current account surplus for the first half of this year as slumping oil prices helped offset the impact of shrinking exports.

The current account - the broadest measure of foreign trade in goods and services - showed an unprecedented