S. KOREAN FEBRUARY CURRENT ACCOUNT SURPLUS NARROWS
South Korea's current account surplus
narrowed to 419 mln dlrs in February from 679 mln in January
compared with a deficit of 112 mln dlrs in February last year,
provisional Bank of Korea figures show.
    The current account in the two months of January and
February swung to a surplus of 1.1 billion dlrs from a deficit
of 494 mln dlrs in the same 1986 period.
    The February trade surplus narrowed to 235 mln dlrs from
582 mln in January compared with a deficit of 98 mln dlrs a
year ago.
    The overall balance of payments surplus rose to 840 mln
dlrs in February from 716 mln in January and 76 mln in February
1986.
    Exports were 2.86 billion dlrs in February against 2.83
billion in January and 2.23 billion in February last year.
Imports were 2.63 billion against 2.25 billion and 2.32
billion.
    The February invisible trade surplus rose to 109 mln dlrs
from 24 mln in January and compared with a deficit of 74 mln a
year ago.
    The transfer payments surplus widened to 75 mln dlrs in
February from 73 mln in January and 60 mln a year ago.
    The long-term capital account surplus was 198 mln dlrs in
February against 211 mln in January and 55 mln in February last
year. The short-term capital account surplus was 87 mln dlrs
against 46 mln and 158 mln.
    The errors and omissions account left a surplus of 840 mln
dlrs in February against deficits of 220 mln in January and 25
mln in February 1986.
 REUTER
