Korea posts record trade surplus in 2013Updated: 2014-01-02 AM 6:28:36 (KST)
Despite slowing global trade in 2013, Korea posted a record trade surplus of 44 billion U.S. dollars last year, up two percent from the previous year.
The Trade Ministry attributes the surplus to a steady growth in exports on the back of increased outbound shipments to China and the United States.
Looking ahead, however, the ministry says Korea's trade surplus may contract in 2014, as there are concerns over the U.S. Federal Reserve's stimulus tapering, slowing economic conditions in emerging countries and the strengthening Korean won.
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