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S.Korea Dec c/a surplus nearly doubles as exports rise
January 28, 2014 / 11:02 PM / in 4 years

S.Korea Dec c/a surplus nearly doubles as exports rise

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SEOUL, Jan 29 (Reuters) - South Korea’s seasonally adjusted current account surplus nearly doubled to a record $8.07 billion in December from a revised $4.18 billion surplus in November as exports jumped, central bank data showed on Wednesday.

December exports grew a seasonally adjusted 7.5 percent to $50.49 billion from November while imports rose 2.4 percent to $43.94 billion, bringing the goods account surplus at $6.55 billion, the Bank of Korea data showed.

For the whole of 2013, South Korea’s economy posted a current account surplus of a record $70.73 billion, up 47.1 percent from a $48.08 billion surplus in 2012, central bank data showed.

In the financial account, Asia’s fourth-largest economy saw a net outflow of $6.36 billion in December without adjustments for seasonal patterns, compared to a revised net outflow of $6.33 billion seen in November. (Reporting by Christine Kim; Editing by Choonsik Yoo)

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