South Korea posted a current account surplus
in July, the largest in nine months.
According to the Bank of Korea on Friday,
the surplus stood at 7-point-45 billion U.S.
dollars, an increase of 870 million dollars
on-year.
The reading is also an eight percent surge
from the 6-point-88 billion U.S. dollars recorded
the previous month.
The goods account surplus amounted to 6-point-97
billion U.S. dollars, up 790 million on-year.
While exports plunged more than 10 percent,
imports dropped to over 14 percent on-year.
