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| S. Korea logs record current account surplus in 2014 |
(AFP) - South Korea posted a record current account surplus for two straight years thanks to robust exports of technology products, state data showed Monday.
In December alone, the current account surplus amounted to $7.2 billion.
The surplus of $89.4 billion for 2014 shattered the previous record of $81.1 billion set in 2013.
According to preliminary figures from the central Bank of Korea.
Imports fell 1.3 percent to $528.7 billion, logging an annual surplus of $92.9 billion in the goods account.
Exports of semi conductors Exports, which account for more than a half of the Asia s fourth-largest economy, stood at $621.5 billion in 2014, up to0.5 percent from a year ago.
jumped 9.2 percent, while shipments of tech devices including smartphones and tablet computers rose 6.3 percent.
Overseas shipments of steel products and ship vessels -- the country Korea major exports -- also soared 8.9 percent and 7 percent respectively.
The income account, which tracks wages as well as earnings on financial investments, posted a surplus of $10.2 billion thanks to increased dividend and interest earnings.
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