ID :
78244
Thu, 09/03/2009 - 23:27
Auther :
Shortlink :
https://www.oananews.org//node/78244
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S. Korea to post 'small' current account surplus in August: ministry
SEOUL, Sept. 3 (Yonhap) -- South Korea will likely post a "small" current account surplus in August but the surplus is expected to be scaled down in the second half from six months earlier, the finance ministry said Thursday.
The current account surplus reached US$4.4 billion in July, down from $5.43
billion the previous month, the Bank of Korea said in an earlier report. The
country registered a cumulative surplus of $26.15 billion in the first seven
months of this year.
South Korea's gross domestic product will likely expand 1 percent in the second
half from the first half. It "would not be tough" for the country to achieve its
annual growth target of minus 1.5 percent for the whole year, the ministry said.
kokobj@yna.co.kr
(END)
The current account surplus reached US$4.4 billion in July, down from $5.43
billion the previous month, the Bank of Korea said in an earlier report. The
country registered a cumulative surplus of $26.15 billion in the first seven
months of this year.
South Korea's gross domestic product will likely expand 1 percent in the second
half from the first half. It "would not be tough" for the country to achieve its
annual growth target of minus 1.5 percent for the whole year, the ministry said.
kokobj@yna.co.kr
(END)
