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Korea's current account surplus spiraled up in January. The Bank of Korea (BOK) said Wednesday that its interim tally of the international balance of payments for January showed that the surplus hit US$330 million, an upshot of US$310 million over the preceding month.
The bank noted that the commodity trade for the same month reached US$700 million in surplus, up US$130 million over the previous month.
The central bank pointed out that the country has managed to maintain a surplus in the current account even though the scale of the surplus has been shrinking in recent months. It added that, in the months ahead, the surplus is likely to further contract as a result of snowballing imports of foreign consumables.
(Park Yong-keun, ykpark@chosun.com )
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