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Korea posted a current account surplus for the twenty-fourth straight month in February,...
as trade gains widened. The Bank of Korea says... the surplus came
in at over 4-and-a-half billion U.S. dollars,... up more than one billion dollars from the
previous month. Exports of goods rose over seven percent from
the previous year to 48 billion dollars,... while imports edged up slightly more than
one percent to 42-point-6 billion. The service account,... which includes tourism
and shipping, however, posted a deficit of around one-and-a-half billion last month,...
compared with a shortfall of nearly 2-billion in January.
The current account data was released based on a new international standard.