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S.Korea June current account surplus rises vs May

Published 07/28/2009, 07:03 PM
Updated 07/28/2009, 07:16 PM

SEOUL, July 29 (Reuters) - South Korea posted a seasonally adjusted current account surplus of $4.67 billion in June, up from a revised $2.99 billion surplus in May, central bank data showed on Wednesday.

Before seasonal adjustment, South Korea reported a current account surplus of $5.43 billion in June, compared with a revised $3.50 billion surplus in May, the Bank of Korea said in a statement.

It also said South Korea's foreign borrowing fell by a net $1.53 billion in June after a net increase of $3.11 billion in May.

South Korea's provisional current account data (balance, seasonally adjusted unless stated, in millions of dollars, rounded):

June *May *April Current account 4,668.8 2,985.7 6,470.3 Goods account 5,601.2 5,052.6 7,138.5 Services account -1,255.6 -2,036.3 -1,185.6 Income account 575.4 179.2 446.1 Current transfer -252.3 -209.8 71.3 ^Capital account -404.0 7,022.9 2,161.3 * revised ^ unadjusted for seasonal patterns (Reporting by Cheon Jong-woo; Editing by Jonathan Hopfner)

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