South Korea’s Current-Account Surplus Widens to Record
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South Korea’s current-account surplus widened to a record in June as concern over slowing global growth capped consumer sentiment and demand for imports.
The surplus was $5.8 billion, compared with a revised surplus of $3.6 billion in May, the Bank of Korea said in a statement in Seoul today. The current account is the broadest measure of trade, tracking goods, services and investment income.