S. Korea to Raise 2011 Current-Account Forecast, Edaily Says

South Korea’s government plans to raise its forecast for next year’s current-account surplus to around $15 billion from June’s projection of $7 billion, Edaily reported, citing a finance ministry official it didn’t identify.

The government will likely keep its economic growth forecast for 2011 at around 5 percent and its inflation target at about 3 percent in an outlook to be released on Dec. 14, the Korean-language online news provider said in the report.

To contact the reporter on this story: William Sim in Seoul at wsim2@bloomberg.net

To contact the editor responsible for this story: Chris Anstey at canstey@bloomberg.net

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