S. Korea logs current account surplus for 10th month in February

South Korea logged a current account surplus for the 10th straight month in February on the back of an increased trade surplus and dividend income, central bank data showed Friday. The country's current account surplus reached US$6.86 billion in February, following the surplus of $3.05 billion in January. February's surplus came as the country's trade balance has remained in the black and dividend income from overseas increased. The country's goods account racked up a $6.61 billion surplus in February, following a $4.24 billion surplus the previous month. The nation's outbound shipments rose 3 percent on-year in February to $52.16 billion, while imports dropped 12.2 percent over the cited period to $45.55 billion, according to the central bank's data. The primary income account, which tracks the wages of foreign workers, dividend payments from overseas and interest income, reported a $2.44 billion surplus in February, following a $1.62 billion surplus in January, the data showed. The services account d eficit narrowed to $1.77 billion in February from a deficit of $2.66 billion the previous month, the data showed. Source: Yonhap News Agency