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S. Korean trade surplus rises

Published By United Press International
SEOUL, Dec. 1 (UPI) -- Growth in South Korean exports outpaced growth in imports in November, pushing the country's trade surplus for the month to $4.48 billion, the government said.

In September, South Korea posted a trade surplus of $3.7 billion.

Government economists said exports grew 3.9 percent compared to November 2011, reaching $47.79 billion. Imports compared to the same month of 2011 rose 0.7 percent to $43.32 billion.

Yonhap News Agency reported Saturday that South Korea's domestic economy also appears to be picking up steam, as industrial production rose for the second consecutive month in November.

Domestic demand for cars and computer chips is on the rise, the news agency said.
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Tour de France concludes in Paris
Race winner Bradley Wiggins of Great Britain (C) stands between second place finisher Christopher Froome of Great Britain (L) and third place finisher Vincenzo Nibali of Italy on the presentation podium following the final stage of the Tour de France in Paris on July 22, 2012. Wiggins of Great Britain became that country's first ever overall winner of the Tour de France. UPI/David Silpa