Helped by soaring exports and increased tourism,...
Helped by soaring exports and increased tourism, South Korea’s current account surplus neared $10 billion in 1987, according to the Bank of Korea.
The current account, which includes trade in goods and services, showed a surplus of $9.8 billion last year, up from $4.6 billion in 1986, officials of the central bank said.
Bank officials attributed the surge in exports to brisk shipments of cars, electronics, machinery and textiles. Tourism earnings rose to $2.3 billion in 1987 from $1.55 billion in 1986.
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