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South Korea Has $3.80 Billion Trade Surplus
(RTTNews) - South Korea posted a merchandise trade surplus of $3.80 billion in November, the Customs Office said on Friday.
That exceeded expectations for a surplus of $3.50 billion and was up from $1.63 billion in October.
Exports rose 7.8 percent on year, also topping forecasts for a gain of 7.5 percent after climbing 5.1 percent in the previous month.
Imports dropped an annual 11.6 percent versus expectations for a decline of 10.0 percent following the 9.7 percent contraction a month earlier.
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Bank Of Korea Keeps Rates Steady
The Bank of Korea maintained its interest rate on Thursday as rising house prices and household debt pose risks to the financial stability amid escalating trade tensions weighing on economic growth outlook. The Monetary Policy Board decided to leave the Base Rate unchanged at 2.50 percent.
The bank had previously reduced the benchmark rate by a quarter-point each in May and February.
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South Korea Has $10.14 Billion Current Account Surplus
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South Korea Consumer Prices Unchanged In June
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South Korea June Trade Surplus $9.08 Billion
South Korea posted a merchandise trade surplus of $9.08 billion in June, Statistics Korea said on Tuesday.
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South Korea Industrial Output Sinks 2.9% In May
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South Korea Consumer Sentiment Strengthens In June
South Korea's consumer confidence strengthened to a four-year high in June on improving domestic economic conditions, survey data from the Bank of Korea showed on Tuesday. The consumer sentiment index advanced to 108.7 in June from 101.8 in the previous month. This was the highest score in four years. The sub-index measuring future domestic economic situation surged 16 points to 107 in June.
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South Korea Export Prices Sink 3.4% In May
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