(MENAFN) Official data showed that South Korea has posted a record current account surplus for the second consecutive year on strong exports of technology goods, The Peninsula Qatar reported.
According to preliminary figures released by the Central Bank of Korea, the surplus of USD89.4 billion for last year outperformed the previous record of USD81.1 billion set in 2013.
In December alone, the current account surplus amounted to USD7.2 billion. The surplus has been in the red for two straight years and 10 months, marking the longest line of surplus since 25 years.
Exports, which account for half of the economy, stood at USD621.5 billion in 2014, up 0.5 percent on-year, while imports dropped 1.3 percent to USD528.7 billion, with an annual surplus of USD92.9 billion.
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