S.Korea posts $5.8bn trade surplus in Oct, investment income rises

28 November 2012 03:25  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea posted a trade surplus of $5.82bn (€4.48bn) in October partly because of a rise in its investment income, official data from the Bank of Korea showed on Wednesday.

This is the first time in nine months that a trade surplus had been registered after the country posted a deficit since February this year, the data showed.

The country’s exports totalled $4.82bn, a 3.9% increase from the same period a year earlier, according to the bank.

Imports increased by 0.5% year on year to $4.3bn, the data showed.

The capital income remained roughly in equilibrium.

($1 = €0.77)

By: Surinder Malhi
+65 6780 4327

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