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Financial News: South Korea Has $5.18 Billion Current Account Surplus

South Korea Has $5.18 Billion Current Account Surplus

05/03/2018 - 19:20:00 (RTTNews)

(RTTNews) - South Korea had a current account surplus of $5.18 billion in March, the Bank of Korea said on Friday - up from $3.96 billion in February.

The goods account surplus widened to $9.88 billion, compared to $9.36 billion a year earlier.

The services account deficit narrowed to $2.25 billion, from $3.11 billion in March last year, led by improvements in the travel and the transport accounts.

For the first quarter of 2018, the current account surplus was $11.83 billion.

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