S.Korea's current account surplus drops in September

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S.Korea's current account surplus drops in September

STORY: S.Korea's current account surplus drops in September DATELINE: Nov. 9, 2022 LENGTH: 0:01:50 LOCATION: Seoul CATEGORY: ECONOMY SHOTLIST: 1. various of the Bank of Korea (Xinhua) 2. various of Seoul urban landscape (Yonhap TV) 3. various of port (Yonhap TV) 4. various of companies (Yonhap TV) STORYLINE: South Korea's current account surplus dropped in September due to soaring import costs, driven by higher energy prices, as well as export fall, central bank data showed Tuesday. Current account balance, the broadest measure of cross-border trade, recorded a surplus of 1.61 billion U.S. dollars in September, down from a surplus of 10.51 billion dollars tallied in the same month of last year, according to the Bank of Korea (BOK). Trade balance for goods logged a surplus of 490 million dollars in September, sharply down from a surplus of 9.55 billion dollars a year earlier. Import costs jumped in recent months as the prolonged geopolitical risks in Europe propped up energy prices. Import a

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