Korea posts current account surplus for 24th straight month in Feb.Updated: 2014-03-31 AM 8:25:37 (KST)
Korea posted a current account surplus for the twenty-fourth straight month in February, as trade gains widened.
The Bank of Korea says the surplus came in at over 4-and-a-half billion U.S. dollars, up more than one billion dollars from the previous month.
Exports of goods rose over seven percent from the previous year to 48 billion dollars, while imports edged up slightly more than one percent to 42.6 billion.
The service account, which includes tourism and shipping, however, posted a deficit of around one-and-a-half billion last month, compared with a shortfall of nearly 2-billion in January.
The current account data was released based on a new international standard.
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