S.Korea posts 7.06 bln USD current account surplus in January

South Korea posted 7.06 billion U.S. dollars of current account surplus in January, keeping the longest surplus trend in the country's history, central bank data showed Wednesday.

The current account surplus increased to 7.06 billion dollars in January from 6.26 billion dollars a year earlier, keeping a surplus trend for 47 straight months since March 2012, according to the Bank of Korea (BOK).

Exports tumbled 15.8 percent from a year earlier to 37.9 billion dollars in January, while imports plunged 23.1 percent to 29.79 billion dollars.

Trade surplus for goods came in at 8.11 billion dollars in January, up from 6.31 billion dollars a year earlier. It marked the biggest January figure thanks to faster fall in imports than exports.

Despite the surplus, worries continued about the so-called "recession-type" surplus as both imports and exports kept a downward trend. Endit