South Korea Has $3.17 Billion Trade Surplus

(RTTNews) - South Korea posted a merchandise trade surplus of $3.17 billion in October, the Customs Office said on Friday.

That missed forecasts for a surplus of $4.23 billion and was down from $6.66 billion in September.

Exports rose an annual 4.6 percent, again shy of expectations for a gain of 6.9 percent after rising 7.5 percent in the previous month.

Imports were up 1.7 percent on year versus expectations for a gain of 2.0 percent and down from 2.2 percent a month earlier.

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