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S. Korean trade surplus rises

Dec. 1, 2012 at 10:19 AM   |   Comments

SEOUL, Dec. 1 (UPI) -- Growth in South Korean exports outpaced growth in imports in November, pushing the country's trade surplus for the month to $4.48 billion, the government said.

In September, South Korea posted a trade surplus of $3.7 billion.

Government economists said exports grew 3.9 percent compared to November 2011, reaching $47.79 billion. Imports compared to the same month of 2011 rose 0.7 percent to $43.32 billion.

Yonhap News Agency reported Saturday that South Korea's domestic economy also appears to be picking up steam, as industrial production rose for the second consecutive month in November.

Domestic demand for cars and computer chips is on the rise, the news agency said.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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