30 January 2012 06:25 [Source: ICIS news]
Compared to the same period in 2010, however, the surplus more than quadrupled.
Current account is a measure of an economy’s trade in goods and services with the rest of the world.
On a year-on-year basis, overall exports were up by 14%, while imports’ growth was not far behind at 13.9%, the central bank said.
For the whole year of 2011, the country posted a current account surplus of $27.7bn, down from $29.4bn in 2010, the BOK said.
Exports grew at an annual pace of 20% to $553.7bn, while imports rose 23.8% to $521.6bn, it said.
South Korean exports to emerging markets and
“Exports gained momentum, as ships and automobiles turned in a strong performance and
For the whole of 2011,
($1 = €0.76)
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