Surplus? What's a surplus?

Since the U.S. is not likely to be posting such a headline in the near future (or ever, if China does indeed succeed with its plan to be the world leader in electric cars) we might as well enjoy this headline that the JoonAngDaily has today:

"Trade surplus hits a record monthly high of $4.6 billion
The Korean trade surplus for March was $4.6 billion - a record high, the Ministry of Knowledge Economy said yesterday.

The news comes a day after the central bank announced that the country saw a $3.6 billion surplus from its February current account balance, signaling the possibility of an economic recovery."


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