UPDATE 1-Economic recovery to pinch S.Korean trade surplus

Newswire

(Recasts, adds details, background, quote) SEOUL, Jan 1 (Reuters) - South Korea's trade surplus, which expanded 50 percent in 2003 to more than $15 billion, is set to shrink in 2004 as an accelerating economic recovery sucks in more imports, the commerce ministry said on Thursday. "Along with a recovery in the global economy, a revival in domestic consumption will keep imports growth at the level of 2003, whereas exports growth will slow to around 10 percent," the ministry said in a ...

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