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S Korea posts current account surplus for 27 months

Sunday, 29 June 2014



SEOUL, June 28 (Xinhua): South Korea posted a current account surplus for 27 months in a row, the second-longest surplus trend in the country's history, due to solid exports amid recovery in advanced economies, central bank data showed Friday.
Current account surplus was US$9.3 billion in May, up 30.6 per cent from the prior month, according to the Bank of Korea (BOK).
The current account balance has stayed in black since March 2012 when it recorded a $3.81 billion surplus. It was the longest surplus trend except for 38 straight months of surplus from June 1986 to July 1989.