* Exports rise, May current account hits record
* Financial account posts record outflow
* For full table, double-click
SEOUL, June 27 South Korea's current account in
May rose to a record high as exports swelled and imports shrank
on a monthly basis, central bank data showed on Thursday,
reflecting depressed domestic demand.
The seasonally adjusted current account surplus rose to a
record $7.82 billion in May compared to a revised $4.76 billion
surplus in April, the Bank of Korea data showed.
Exports grew by 4.7 percent in May to $49.59 billion on the
back of telecommunication goods, semiconductors and cars while
imports tumbled 5.0 percent to $39.91 billion, producing a goods
account surplus of a record $7.43 billion.
Imports of raw materials led the decline as domestic demand
has yet to pick up in South Korea, a key concern for
policymakers at home.
South Korea saw a record net outflow of $11.58 billion in
the financial account in May without seasonal adjustments as
global markets roiled.
Offshore borrowings fell by $5.16 billion in May as stimulus
policies from Japan and the U.S. rattled investors last month.
Without adjustment for seasonal patterns, South Korea's
current account surplus in May also set a record high of $8.64
(Reporting by Christine Kim; Editing by Eric Meijer)