- S. Korea July current account surplus at 4.38 billion .
- Highest in more than 14 years in July mostly due to falling imports amid the sluggish local economy . Exports SA basis rose 1.1 % in July reversing the declines of the previous two months.
- BOK Director Yang expects smaller current-account surplus in August .
- Says current account-surplus may exceed $20B this year.
This was out earlier , not sure how I missed it . The decline in imports further illustrates signs of a slowing domestic economy . So not only Korea but across Asia also.
