Yonhap News AgencyAugust 28, 2013 19:45
By Kim Soo-yeon
SEOUL, Aug. 29 (Yonhap) -- South Korea posted a current account surplus for the 18th straight month in July on export growth, the central bank said Thursday, providing buffers against potential capital outflows.
The current account surplus reached US$6.77 billion in July, down from $7.24 billion the previous month, according to the Bank of Korea (BOK). The current account is the broadest measure of cross-border trade.
The smaller surplus in July mainly came as spending on overseas travel increased during the summer vacation season, the bank said.