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South Korea's January current account surplus at record high

Monday, March 2, 2015 - 07:34

[SEOUL] South Korea's current account surplus in January jumped to a record high of US$10.73 billion in seasonally adjusted terms from a revised US$7.72 billion surplus in December, central bank data showed on Monday.

Exports in January fell by a seasonally adjusted 9.2 per cent on-month to US$46.51 billion while imports dropped by a sharper 15.5 per cent to US$36.68 billion, producing a goods account surplus of US$9.83 billion, the Bank of Korea data showed.

In the financial account, Asia's fourth-largest economy saw a net outflow of US$8.24 billion in January, without adjustments for seasonal patterns, compared to a net outflow of US$9.80 billion in December.

REUTERS

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