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South Korea’s current-account surplus seen nearing 20% of GDP

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  • Eight overseas investment banks raised South Korea’s projected current-account surplus ratio to 16.0% of GDP.
  • The average forecast increased 1.3 percentage points from 14.7% at late July.
  • South Korea’s previous record surplus ratio was 10.1% in 1998, according to Bank of Korea and IMF data.
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