Shaw Capital Management Headlines : South Korea’s Current-Account Surplus Narrowed in January
http://www.
sfgate.
com/cgi-bin/article.
cgi?f=%2Fg%2Fa%2F2011%2F02%2F24%2Fbloomberg1376LH59GB07SXKX01-1L7QLF16RKAQLBRQRECI3D4AQU.
DTL
Thursday, February 24, 2011...
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Shaw Capital Management Headlines : South Korea’s Current-Account Surplus Narrowed in January
http://www.
sfgate.
com/cgi-bin/article.
cgi?f=%2Fg%2Fa%2F2011%2F02%2F24%2Fbloomberg1376LH59GB07SXKX01-1L7QLF16RKAQLBRQRECI3D4AQU.
DTL
Thursday, February 24, 2011
(Updates with official’s comment in the sixth paragraph.
)
Feb.
25 (Bloomberg) — South Korea’s current-account surplus narrowed to an 11-month low in January
as imports surged amid an economic recovery and rising energy demand.
The surplus was $229 million, compared with $2.
11 billion in December, 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.
South Korea has stepped up measures to limit won gains driven by foreign capital inflows, helping keep
exports competitive.
Overseas shipments contributed to the fastest economic expansion last year since
2002, stoking price pressures and prompting the Bank of Korea to raise intere
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