Current Account Surplus Extends to $4.5 Billion

      April 01, 2014 10:49

      Korea's current account surplus in February reached US$4.52 billion, posting a surplus for the 24th straight month, the Bank of Korea said Monday.

      This marks an improvement from January's $3.29 billion. The combined surplus for the first two months of the year was $7.81 billion, almost twice the size of the $4.12 billion posted over the same period last year.

      Korea also recorded a surplus of $5.43 billion for goods in February, up $1.06 billion from the previous month. Meanwhile, the service account posted a deficit of $1.06 billion, marking a slight recovery from $850 million in January.

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