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S.Korea's current account surplus posts 8.26 bln USD in Sept.

Xinhua, November 1, 2016 Adjust font size:

South Korea posted 8.26 billion U.S. dollars in current account surplus in September, staying in black for 55 straight months, central bank data showed on Tuesday.

It marked the longest monthly surplus in history since March 2013, according to the Bank of Korea (BOK). The September number was up from 2.98 billion dollars tallied in August.

Trade surplus for goods increased to 10.76 billion dollars in September, up 3.71 billion dollars from the previous month.

Exports declined 2.4 percent from a year earlier to 44.01 billion dollars in September, while imports edged up 0.1 percent to 33.25 billion dollars.

Auto exports tumbled 25.1 percent as labor strikes in major automakers disrupted car production and delayed shipments.

Shipments of telecommunication devices, including smartphones, plunged 21.2 percent as Samsung Electronics discontinued its latest flagship Galaxy Note 7 smartphones on reported cases of faulty devices catching fire and overheating. Enditem