South Korea current account surplus widens

South Korea's current account surplus rose to $10.4 billion in March as slumping oil prices slashed the country's import bill, new data showed Monday. The current account - the broadest measure of foreign trade in goods and services - has been in the black for more than three years. The March figure compared to a $6.4 billion surplus in February and $7.3 billion a year ago.
Exports fell 8.4 percent from a year ago while imports shrank 16.8 percent, according to data from the Bank of Korea, the country's central bank.