0216 GMT [Dow Jones] The Bank of Korea is expected to cut its policy rate by 25 bps to 3.0% in the 3Q, as exports will likely dwindle on weakening global demand, says Daewoo Securities analyst Yoon Yeo-sam. He notes that "the rising current-account surplus is basically because imports are falling at a faster pace than exports, which is not a good sign for the country." South Korea's current-account surplus rises to a six-month high of $3.61 billion in May from $1.73 billion in April, helped by a decline in dividend payments to foreign investors and an improvement in the service sector, according to Bank of Korea data released early Thursday. (in-soo.nam@dowjones.com)
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(END) Dow Jones Newswires
June 27, 2012 22:16 ET (02:16 GMT)
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