(MENAFN) Data showed that South Korea's current account surplus rose to a monthly record in November as slumping oil prices slashed the value of imports, AFP reported.
The preliminary figure of USD11.4 billion shattered the previous monthly record of USD11.1 billion set in October 2013, according to data from the central Bank of Korea.
Exports, which account for more than a half of the economy, stood at USD50.2 billion, while imports dropped to USD40 billion due to falling oil prices, logging a surplus of USD10.2 billion.
The income account, which tracks wages as well as earnings on financial investments, posted a surplus of USD1.7 billion thanks to increased dividend and interest earnings.
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