S. Korea reports strong current account surplus
South Korea's current account surplus rose from $911 million in March 2004 to $1.22 billion in March 2005 on strong exports, said the Bank of Korea. Despite the Won's appreciation against the US Dollar, a rise in the trade surplus contributed the strong surplus. The trade surplus increased from $1.54 million in February to $3.23 billion in March on the back of strong exports. On the other hand, the current account balance may give deficit in April because of the payment dividends to foreign investors.