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Financial News: South Korea Current Account Surplus Climbs To $7.43

South Korea Current Account Surplus Climbs To $7.43 Billion

01/04/2018 - 18:15:00 (RTTNews)

(RTTNews) - South Korea had a current account surplus of $7.43 billion in November, the Bank of Korea said on Friday - up from 5.72 billion in October.

The goods account surplus widened to $11.46 billion compared to the $9.69 billion surplus for November of 2016.

The services account deficit increased to $3.27 billion from $1.81 billion in November 2016, owing to deterioration in the travel account.

The primary income account reversed from its $0.37 billion surplus in November of last year to a deficit of $0.07 billion this year, in line with an increase in the payments on equity account.

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