South Korea Nov current account surplus at 7-mth high

[SEOUL] South Korea's current account surplus rose to a seasonally adjusted US$9.73 billion in November, its highest in seven months, from a revised US$7.17 billion surplus in October, central bank data showed on Tuesday.

This was the biggest surplus seen since April when it reached a record high of US$9.81 billion.

Exports in November edged up 0.8 per cent to US$49.60 billion from October on a seasonally adjusted basis while imports slipped 1.6 per cent to US$41.19 billion.

This produced a goods account surplus of US$8.41 billion in November, the Bank of Korea data showed, expanding from a surplus of US$7.34 billion posted in October.

In the financial account, South Korea saw a net outflow of US$9.92 billion in November, compared to a net outflow of US$6.80 billion in October. These figures are not adjusted for seasonal patterns.

REUTERS