Export drop cuts South Korea's trade surplus more than half

09/29/2009 | Korea Herald (Seoul), The

South Korea extended its trade surplus into a seventh consecutive month in August, but plummeting exports cut the figure to $2.04 billion, less than half of July's $4.4 billion, the Bank of Korea said, Yonhap News reported. "The surplus in the goods balance declined as exports of ships and cars plunged last month," the central bank said. Meanwhile, the inflow of investment hit $5.06 billion in August, more than double that of the previous month.

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Korea Herald (Seoul), The

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