S.Korea Feb current account surplus narrows vs Jan

SEOUL, March 28 Wed Mar 27, 2013 7:03pm EDT

Related Topics

SEOUL, March 28 (Reuters) - South Korea's seasonally adjusted current account surplus fell to $4.45 billion in February from a revised $6.59 billion in January, when it hit an all-time high, central bank data showed on Thursday.

Exports last month fell by a seasonally adjusted 5.0 percent to $47.29 billion over the previous month while imports edged down 0.3 percent to $42.91 billion, producing a goods account surplus of $4.38 billion, the Bank of Korea data showed.

In the financial account, Asia's fourth-largest economy saw a net outflow of $3.31 billion in February, without adjustment for seasonal patterns, compared to a revised net outflow of $0.96 billion in January, the data showed. (Reporting by Christine Kim; Editing by Choonsik Yoo)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.