South Korea posts a US$4.3 bln current-account surplus on increased exports of petrochem, semiconductors

30-Dec-09
In November, South Korea has posted a current-account surplus of US$4.3 bln for the tenth month, on increased exports of petrochemicals and semiconductors. The current account is the broadest measure of trade in South Korea, tracking the flow of goods, services and investment income. The country’s economy is estimated to expand about 5% in 2010 after growing 0.2% this year. Gross domestic product increased 3.2% in Q3-09 from the previous quarter, the fastest pace in seven years.
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